Bombay HC blocks Shilpa Shetty and Raj Kundra’s international travel amid Rs 60 crores fraud case : Bollywood News
In a significant development in the ongoing Rs 60 Crores fraud case involving Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, the Bombay High Court has raised serious questions over their foreign travel claim.
Bombay HC blocks Shilpa Shetty and Raj Kundra’s international trip amid Rs 60 Crores Fraud Case
The couple had approached the court seeking permission to travel to Colombo and other destinations for a business trip. However, the bench, headed by Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad, expressed skepticism over the nature of the journey. Their lawyer, Niranjan Mundargi, was instructed to submit an affidavit detailing the purpose of the trip, including formal communications and evidence supporting the claim that it was indeed for commercial purposes. The court granted one hour till October 14 for submission of these details.
During the proceedings, when Mundargi reiterated that the trip was for business, Chief Justice Shree Chandrashekhar remarked with a smile: “You can first deposit Rs 60 crore if you want to travel abroad.” This comment highlights the Court’s serious approach to the case and its careful scrutiny of the couple’s actions.
The Economic Offenses Wing (EOW) of the Mumbai Police is investigating the case, which alleges that Shetty and Kundra misappropriated investment funds for personal use. In light of the ongoing investigation, the court did not pass any immediate order regarding the look circular (LOC) issued against them. The case is scheduled for a further hearing on October 14.
The development adds to the growing legal challenges facing the couple, who are under intense scrutiny over their financial dealings. As the investigation progresses, the Court’s future decisions will be crucial in determining the future course of action.
In a related case, the Economic Offenses Wing (EOW) of the Mumbai Police is investigating a case involving businessman Deepak Kothari. Kothari accused Shetty and Kundra of diverting Rs. 60 crores of his investment for personal use. The EOW found that Kothari’s funds were misused and registered a case against Shetty, Kundra, and an unidentified associate under sections 403 (misappropriation of property), 406 (criminal breach of trust) and 34 (common intention) of the Indian Penal Code.
Also Read: Shilpa Shetty questioned for 4.5 hours by Mumbai Police in Rs 60 crore fraud case: Reports
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