Overview

• Raj Kundra told Mumbai Police’s Economic Offences Wing that Best Deal TV’s cash-on-delivery model collapsed after the 2016 note ban, preventing repayment of funds.
• The Bombay High Court refused to suspend the Look-Out Circular and said any foreign travel will be considered only after a ₹60 crore deposit.
• EOW officers recorded fresh statements at the couple’s residence, with Kundra detailing roughly ₹20 crore spent on advertising and a similar outlay on setup and staff.
• Police are verifying payments to actors who featured in the firm’s ads; officials said Shilpa Shetty appeared in a promotion but no payment was credited to her account, prompting bank checks.
• The FIR by Deepak Kothari cites two 2015 transfers—₹31.95 crore in April and ₹28.53 crore in September—to Best Deal TV’s HDFC accounts and alleges the funds were diverted for personal use.