Raj Kundra, husband of Shilpa Shetty, is entangled in yet another controversy. The Economic Offences Wing (EOW) has issued a summons to Raj Kundra concerning a 60-crore rupee investment fraud. Initially requested to appear on September 10th, Raj Kundra has now been granted an extension and is scheduled for questioning on September 15th by the EOW.
To prevent Shilpa and Raj from leaving the country, a Look Out Circular (LOC) has been issued. The police have also summoned the auditor from the National Company Law Tribunal (NCLT) for questioning. The FIR was lodged at the Juhu police station by Deepak Kothari, the director of Lotus Capital Financial Services.
Kothari alleges that he invested 60.48 crore rupees between 2015 and 2023 in Best Deal TV Pvt. Ltd., a company promoted by Shetty and Kundra, for business expansion. The couple is accused of misusing these funds for their personal gain. The Economic Offences Wing is currently investigating the allegations. The complainant claims the funds were initially obtained as a loan, later disguised as an investment to evade taxes.
Deepak stated that he was assured during a meeting that the investment would be returned with a 12% annual interest rate within a stipulated time. Shilpa Shetty provided a written guarantee in 2016. Later, Shilpa resigned as a director from the company. It was subsequently revealed that the company was facing an insolvency case involving 1.28 crore rupees.