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4w ago

Mumbai Police Issue Look Out Circular for Shilpa Shetty, Raj Kundra in Rs 60 Crore Cheating Case

Investigators opened a case after a businessman alleged funds invested in Best Deal TV were siphoned for personal expenses.

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Shilpa Shetty’s Rs 100 Crore Juhu House, Raj Kundra’s London Villa & Their Rs 50 Crore Burj Khalifa Gift – A Peek Into Their Lavish Lifestyle
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Overview

  • The Economic Offences Wing registered the case based on a complaint by Deepak Kothari naming Shilpa Shetty, Raj Kundra and their now-defunct company Best Deal TV Pvt Ltd.
  • Kothari alleges over Rs 60 crore invested between 2015 and 2023 for business expansion was diverted away from corporate use.
  • Mumbai Police have issued a Look Out Circular for the couple in connection with the ongoing probe, according to multiple reports.
  • Representatives for Shetty and Kundra have disputed the allegations as civil in nature, citing adjudication at NCLT Mumbai on October 4, 2024.
  • Public focus has intensified after a Farah Khan vlog showcased their Juhu home reportedly valued near Rs 100 crore, as prior ED action in 2024 seized about Rs 98 crore in assets linked to a separate probe involving Kundra.