Overview

• On August 14, Mumbai Police’s Economic Offences Wing registered an FIR under IPC sections 403 (dishonest misappropriation), 406 (criminal breach of trust) and 34 (common intention) against Shilpa Shetty, her husband Raj Kundra and another person in connection with a ₹60.4 crore cheating complaint.
• Businessman Deepak Kothari alleges he transferred ₹31.95 crore in April 2015 and ₹28.53 crore in September 2015 to Best Deal TV Pvt Ltd for business expansion after being introduced by intermediary Rajesh Arya.
• The EOW says it has begun tracing the disputed fund transfers through bank records and will summon the accused to record their statements as part of the ongoing fact-finding.
• Through counsel Prashant Patil, the couple rejects any criminality and points to an NCLT Mumbai decision from October 2024 that adjudicated the matter as a civil dispute followed by a liquidation order.
• Viral audio clips of conversations related to the case have circulated online, intensifying media coverage as the investigation develops.