Overview

• Economic Offences Wing officials recorded Kundra’s statement at a confidential location and indicated he will likely be called again next week after more witness verification.
• Investigators say fund flows are under scrutiny across five firms — Satyug Gold, Vihaan Industries, Essential Bulk Commodities, Best Deal, and Statement Media — which Kundra described as legitimate business spends.
• Kundra cited about ₹20 crore in broadcasting fees and roughly ₹3 crore for warehouse rent, plus celebrity promotions and an office lease in Matunga, with officials seeking supporting documents and employee details.
• Police said Shilpa Shetty, a named co-accused and majority shareholder in Best Deal TV, has not yet been summoned, and they are examining why she reportedly received celebrity fees from the company.
• The case stems from Deepak Kothari’s allegation that ₹60.4 crore transferred in 2015 under investment agreements was misused, with an FIR registered in August and lookout circulars issued earlier this month.