Mumbai: Bollywood actor Shilpa Shetty and her businessman husband Raj Kundra have been booked by the Mumbai Police’s Economic Offences Wing (EOW) for allegedly cheating a city-based businessman of over Rs.60 crore under the pretext of a business investment.
About The Case
The FIR, registered at Juhu Police Station, is based on a complaint by Deepak Kothari (60), director of Lotus Capital Financial Services. Kothari alleged that between 2015 and 2023, he transferred Rs.60.48 crore to the couple’s company, Best Deal TV Pvt. Ltd., for business expansion. However, the funds were allegedly diverted for personal expenses.
According to police, Kothari was introduced to Raj Kundra through a mutual friend. At the time, Kundra and Shetty jointly held 87.6% shares in Best Deal TV, an online shopping and retail platform. The accused allegedly promised him a monthly return along with repayment of the principal investment.
Kothari claimed that Shetty resigned from the company in 2016, and he later learned that insolvency proceedings had been initiated against the firm for allegedly cheating another investor.
After conducting a preliminary inquiry, EOW registered the case under IPC sections 403 (dishonest misappropriation of property), 406 (criminal breach of trust), and 34 (common intention) against Shetty, Kundra, and another person.
