Shilpa Shetty and Raj Kundra face Look Out Circular as EOW probes Rs 60.48 crores investment fraud: Reports : Bollywood News
Businessman Raj Kundra, Husband of Actress Shilpa Shetty, Turned 50 on September 9, 2025. Insever, HIS Milestone Birthday Comes Under a Cloud as the Economic Offections Wing (Eow) With a Rs 60.48 Crore Cheating Case. According to reports, kundra was initially directed to appear before investors on September 10 but Sought An Extension. He has now been asked to appear on September 15.
Shilpa Shetty and Raj Kundra Face Look Out Circular as Eow Probes Rs 60.48 Crores Investment Fraud: Reports
In the meaning, a look out circular (loc) has been Issued Against Bot Kundra and Shetty to Prevent them From From Leaving India. According to a report by free press journey, a Senior EOW official confirmed that summons have also also alsoed to the Auditor of the Auditor of the National Company Law Tribunal (NCLT) as part of the probe.
The Complaint was filed by Deepak Kothari (60), Director of Lotus Capital Financial Services. He alleged that between 2015 and 2023, he investment Rs 60.48 Crore in Best Deal TV Pvt. Ltd.- A Company Promoted by Kundra and Shetty – For Business Expantion.
Kothari claimed that instead of being utilized for business, the funds were siphoned off and diverted for the couple’s personal use. He said he was introduced to kundra by a mutual acquaintance and was assured of monthly returns along with along with repayment of the Principal Investment.
At the time of investment, Shilpa Shetty and Raj Kundra Together Held 87.6% Shares in Best Deal TV, An online shopping and retail platform. However, Shetty Resigned from the company in 2016.
The eow had previously summoned Shetty and Kundra Three Times during its preliminary inquiry. The Couple, Citing their stay in London, Sent their attorney instead. Investigators found the information provided by the attorney indequate, which LED to the registration of a formal fir.
The case has been filled under IPC Sections 403 (Dishonest Misappropiation of Property), 406 (Criminal Breach of Trust), and 34 (Common International).
While Kundra’s 50th Birthday Marks A Personal Milestone, Celebrations are likely to take a backseat as the businessman prepares to face questioning by the eow. The probe is expected to intensify in the coming days, with the locked that Neither Kundra Nor Shetty Can Leave the Country Until the Investigation Progresses.
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