Shilpa Shetty, Raj Kundra accused of cheating businessman in Rs 60.48 crores loan-cum-investment deal: Reports : Bollywood News
Actor Shilpa Shetty KURANDRA, her husband of businessman Raj KURANDRA, and another unidentified person have been reserved by the wing of economic offenses (EOW) of the Mumbai police for having pretended to have a businessman based in the town of RS 60.48 Broaders in a ready-to-infvement of ready-to-infve.
Shilpa Shetty, Raj Kundra accused of having cheated the businessman in Rs 60.48 Broaders Deal-Investment Loan: Reports
The FIR, initially registered in the Juhu police station in various sections of the IPC for cheating and counterfeiting, was then transferred to the EOW because the financial amount involved exceeded 10 RS crores. The complaint was filed by Deepak Kothari (60), a resident of Juhu and director of Lotus Capital Financial Services, a non -banking financial company, Dr. Yusuf Iqbal and Zain Shroff, reported Free press Journalciting India time.
Allegations against Shetty and Kundra
According to the FIR, Kothari was presented to the Kundras by Rajesh Arya. At the time, Shilpa Shetty and Raj Kundra would have held 87.6% of the actions in Best Deal TV, an online and home retail platform.
The accused would have asked for a loan of 75 belles of rupees at 12% annual interest, but would later have advised Kothari to complete him as an investment to avoid higher taxation. They would have promised fixed monthly yields with the reimbursement of the main amount.
Kothari claims that he transferred Rs 31.95 Broan in April 2015 under a shares subscription agreement, followed by Rs 28.53 Broan in September 2015 under an additional agreement. In April 2016, a personal guarantee would have been provided. However, Shilpa Shetty resigned from his position as director of the company in September 2016.
Discovery of insolvency procedures
According to the complaint, in 2017, Kothari discovered an insolvency procedure against Best Deal TV to have fault on another agreement. Despite repeated follow -ups – including during the COVVI -19 pandemic – he alleges that money has never been returned. Kothari said that the transactions were distorted and that his funds had been diverted, causing major financial losses.
Legal response from the Kundras
Reacting to allegations, Prashant Patil, Legal Advisor for Shetty and Kundra, firmly denied complaints. He said that, quoted by Times of India, “my clients deny all the allegations, which are purely civil and were judged by the NCLT Mumbai on 04/10/2024. There is no crime involved. “
Patil has also added that Kundras auditors have already provided the EOW from detailed cash flow statements and all the documents requested, stressing that the case was legally regulated in the appropriate forum.
The EOW is currently examining financial transactions, agreements and the alleged diversion of funds related to the case. Other developments are expected as the investigation continues.
Read also: Shilpa Shetty drops breathtaking photos with Sister Shamita Shetty as they celebrate Raksha Bandhan; watch
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