Overview

• An FIR registered in August at Juhu police station names Shilpa Shetty and Raj Kundra under IPC sections 403, 406 and 34 over alleged diversion of investor funds tied to Best Deal TV.
• Complainant Deepak Kothari says he transferred ₹31.95 crore in April 2015 and ₹28.53 crore in September 2015 under share subscription agreements, totaling about ₹60.48 crore.
• Investigators report tracing a portion of the money to transactions involving actresses and production houses, which Kundra told police were professional fees.
• Look-out circulars issued on September 5 remain in place as the EOW traces the money trail and examines auditor and company records linked to the now-defunct firm.
• Police say five statements have been recorded so far, including those of Kundra and resolution professional Rajendra Bhutada, with additional summons and verifications expected.