Actor Shilpa Shetty’s husband Raj Kundra is back in the spotlight, this time over an alleged Rs 60 crore fraud case. The businessman is likely to face the Economic Offences Wing (EOW) in Mumbai today, after being summoned earlier but seeking more time. The agency has also issued a lookout notice against both Kundra and Shetty following checks on their travel records.
The Rs 60 crore case explained
In August 2025, the EOW registered a case against Raj Kundra, Shilpa Shetty and another person based on a complaint by businessman Deepak Kothari. He claims he was cheated of over Rs 60 crore in a loan-cum-investment deal linked to the couple’s now-defunct company, Best Deal TV Pvt Ltd. Kothari alleged he invested money between 2015 and 2023 to help
expand the business but says the funds were instead used for personal expenses. The EOW is probing the charges.
What the couple says
Shilpa Shetty and Raj Kundra have dismissed the accusations. Their lawyer Prashant Patil called it “baseless and malicious”, insisting that the case is civil in nature and already dealt with by the NCLT.
“This is an old transaction, wherein the company went into financial distress and eventually got entangled in a long legal battle at the NCLT. There is no criminality involved, and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements,” Patil said.
He added, “The investment agreement in question is purely in the nature of an equity investment. The company has already received a liquidation order, which has also been placed before the police department. The concerned Charter accounts have visited the police station for the last one year for more than 15 times with all the evidence supporting the claims of my clients.”
The lawyer stressed that appropriate action will be taken from their side.
