Particle.news
Download on the App Store
23 ARTICLES
·
yesterday

Mumbai Police Issue Lookout Circulars for Shilpa Shetty, Raj Kundra in ₹60.48-Crore Fraud Probe

The EOW says travel curbs will ensure cooperation during a forensic review of Best Deal TV’s 2015 funding.

Image
Image Source: Instagram
Shilpa Shetty and Raj Kundra earlier responded to the allegations and termed them as baseless.

Overview

  • Lookout circulars were issued by the Economic Offences Wing after registering an FIR on August 14 under IPC sections 403, 406 and 34.
  • Police cited the couple’s frequent international travel and said LOC details were shared with immigration to restrict any departure without notice.
  • Complainant Deepak Kothari alleges he transferred ₹31.95 crore in April 2015 and ₹28.53 crore in September 2015 to Best Deal TV for expansion, but the funds were diverted.
  • Investigators have summoned the company’s auditor and are tracing bank records to establish the money trail ahead of recording statements.
  • Counsel for Shilpa Shetty and Raj Kundra rejects criminality, calling it an old civil transaction addressed by the NCLT in October 2024 and pledging cooperation.