{"id":"f-445134d771-2f5d89be-91db-5ad5-b1b8-26815d4d2057","title":"Shilpa Shetty, Husband Raj Kundra DENY 'Baseless' Allegations Amid Rs 60 Crore Fraud Case - READ STATEMENT","description":"Shilpa Shetty and Raj Kundra have issued a statement firmly denying the “baseless” allegations levelled against them in the Rs 60 crore fraud case. The businessman has called the claims unfounded, as the matter continues to make headlines.","timestamp":1765955469,"category":"national_v_two","headline":"Shilpa Shetty, Husband Raj Kundra DENY 'Baseless' Allegations Amid Rs 60 Crore Fraud Case - READ STATEMENT","modifiedHeadline":"Shilpa Shetty Denies Fraud Case Claims","subCategories":["scid_2094d3d1"],"region":"IN","bundleMetaData":{"bundleId":"74da15a9-6fc0-4d1c-a0ae-61e61b8d229e","bundleTitle":"Celeb Gossip","cardData":null},"iabCategoryId":"640","fcSummary":"Shilpa Shetty and Raj Kundra deny allegations in a Rs 60 crore fraud case, calling them \"baseless and motivated.\" They state the matter is in High Court with a quashing petition pending. They affirm cooperation with the investigation and trust in the Indian judiciary.","summary":"Shilpa Shetty and Raj Kundra vehemently deny \"baseless\" Rs 60 crore fraud allegations, sparking outrage and demanding justice.","ctaUrl":"https://trends.glance.com/newz/entertainmentnews/IN/en/timesnow/f-445134d771-2f5d89be-91db-5ad5-b1b8-26815d4d2057","sourceUrl":"https://www.timesnownews.com/entertainment-news/bollywood/shilpa-shettys-husband-raj-kundra-denies-baseless-allegations-amid-rs-60-crore-fraud-case-read-statement-article-153305087","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/d5tVxKXRxAB0.webp","content":"

Amid the Rs 60 crore fraud case, Bollywood actress Shilpa Shetty and husband Raj Kundra have released a strong statement dismissing the allegations against

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them as \"baseless and motivated.\" They clarified that the matter is already before the High Court, with a quashing petition under consideration. They said that they've cooperated fully with the investigation and have complete faith in the Indian judiciary. Raj Kundra DENIES 'Baseless' Allegations The statement read, \"We categorically deny the baseless and motivated allegations being circulated. The issues sought to be raised are being given a criminal colour without any lawful basis. A Quashing Petition has already been filed before the Hon’ble High Court and is pending adjudication.\" \"Having fully cooperated with the investigation, we are sanguine that justice will prevail and have complete faith in the law enforcement authorities and the Indian judiciary. We respectfully urge the media to exercise restraint as the matter is sub judice,\" added the couple.

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We categorically deny the baseless and motivated allegations being circulated. The issues sought to be raised are being given a criminal colour without any lawful basis. A Quashing Petition has already been filed before the Hon’ble High Court and is pending adjudication. Having…
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— Raj Kundra (@onlyrajkundra) December 16, 2025\n

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\nThis came hours after a report claimed that the Mumbai Police had filed an FIR against the couple and added Section 420 of the Indian Penal Code (IPC) to the case.\n
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ALSO READ: Shilpa Shetty's Bastian In Bengaluru Faces Trouble; FIR Registered Against Restaurant For Rules Violation\n
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Shilpa Shetty-Raj Kundra Rs 60 Crore Cheating Case
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\nFor those unversed, the celebrity couple is under investigation by the Economic Offences Wing (EOW) in a Rs 60 crore fraud and cheating case filed by businessman Deepak Kothari, director of Lotus Capital Financial Services.\n
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\nRaj and Shilpa have been accused of taking funds from him on the pretext of expanding their business, but allegedly using the money for personal purposes. The couple has denied the claims as the EOW continues to probe the money trail. \n
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\nRecently, a Look Out Circular (LOC) was issued against them to prevent international travel. When the couple approached the Bombay High Court seeking suspension of the LOC, the court directed them to deposit Rs 60 crore or furnish a bank guarantee.\n
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Shilpa Shetty, Husband Raj Kundra DENY 'Baseless' Allegations Amid Rs 60 Crore Fraud Case - READ STATEMENT

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