In a statement shared on Instagram, Shetty categorically rejected claims that the Mumbai Police’s Economic Offences Wing (EOW) invoked Section 420 (cheating) of the Indian Penal Code against her and Kundra in a Rs. 60 crore fraud case, calling the allegations “baseless and motivated.” Shetty said the issues are being portrayed as criminal without lawful basis and noted that a Quashing Petition is pending before the High Court.
Shilpa Shetty's statement
In an Instagram post, she wrote, "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."
She continued, "Having fully cooperated with the investigation, we are sanguine that justice will prevail and have complete faith in the law enforcement authorities and the judicial system of our country. We respectfully urge the media to exercise restraint as the matter is sub judice."
Here is her post:
What are the cases against Shetty?
The case stems from a complaint by Mumbai-based businessman Deepak Kothari, who alleged that funds invested in the couple’s now-defunct company were diverted instead of being used for business purposes. The couple maintains that the dispute is civil in nature and has cooperated with investigators.
Separately in Bengaluru, police filed cases against two pubs, including Bastian Garden City, co-owned by Shetty, for allegedly operating beyond permitted closing hours, prompting renewed scrutiny of her business interests. This had come to light after a brawl happened at Bastian Garden City.
