Shilpa Shetty's Restaurant Closing Amid Fraud

Shilpa Shetty's popular restaurant, Bastian Bandra, in Mumbai's Bandra, is shutting down amid allegations that she and her husband, Raj Kundra, were involved in a ₹60 crore fraud case. The actress took to her Instagram stories and

penned an emotional note, informing that Thursday would be the restaurant's final working day.

“This Thursday marks the end of an era as we bid farewell to one of Mumbai's most iconic destinations - BASTIAN BANDRA. A venue that gave us countless memories, unforgettable nights, and moments that shaped the city's nightlife now takes its final bow,” the actress wrote.

“To honour this legendary space, we’re curating a very special evening for our closest patrons – a night filled with nostalgia, energy, and magic,

celebrating everything Bastian has stood for one last time. While we say goodbye to BASTIAN BANDRA, our Thursday night ritual Arcane Affair will continue next week at BASTIAN AT THE TOP, carrying forward the legacy in a brand-new chapter with brand new experiences,” she added.

This marks the end of an era for the restaurant, once a favourite among Mumbaikars and a hotspot and iconic hangout in Bandra. It is co-owned by actressShilpa Shettyand restaurateur Ranjit Bindra. Since its launch in 2016, it has

gained recognition for its seafood.

Mumbai businessman Deepak Kothari filed a fraud case against Shilpa Shetty and Raj Kundra linked to their now-defunct company, Best Deal TV Pvt Ltd. He alleged that they defrauded him of over ₹60 crore in a loan-cum-investment deal between 2015 and 2023, according to an IANS report.

According to Kothari, director of Lotus Capital Financial Services, the money was meant for business growth but was misappropriated for personal expenses.

After the celebrity couple got

booked in the cheating case, their lawyer, Prashant Patil, denied the allegations, calling them ‘baseless’ and stating that the matter was already adjudicated by the NCLT Mumbai.

“My clients have been informed by certain segments of electronic and print media that an alleged case has been registered against them at the Economic Offences Wing, Mumbai. At the outset, my clients deny all the allegations, which are purely civil in nature and have already been adjudicated by the NCLT Mumbai on 04/10/2024,” he said in his statement, reported the Times of India.

The investigation has been handed over to the Economic Offences Wing (EOW).