Read Full Story
Bollywood actress Shilpa Shetty and her husband Raj Kundra are embroiled in a legal controversy as the Mumbai Police have issued a lookout circular against them in connection to a Rs 60 crore fraud case involving their defunct company, Best Deal TV Private Limited
Read Full Story
The case was initiated after businessman Deepak Kothari accused the couple of defrauding him of Rs 604 crore, alleging that they misused loans and investments for personal expenses rather than business growth.
Read Full Story
The Economic Offences Wing (EOW) of Mumbai Police is handling the investigation, which was transferred from Juhu police station due to the significant amount involved
Read Full Story
The couple allegedly owned 876% of shares in Best Deal TV Pvt Ltd and had reportedly convinced Kothari to convert a loan into an "investment" to avoid high taxes, promising returns and repayment of the principal amount.
Read Full Story
A Lookout Circular (LOC) has been issued to prevent the couple from leaving the country, ensuring smooth investigation, especially considering their frequent international travels
Read Full Story
Shilpa Shetty and Raj Kundra's lawyer has dismissed the allegations as baseless, claiming they are an attempt to tarnish their image and stating that the case is of a civil nature, with all necessary documents provided to the authorities
Read Full Story
The case also involves another individual, Rajesh Arya, who introduced Kothari to Shetty and Kundra, and an unknown person against whom a case has been registered
Read Full Story
The controversy has drawn significant public attention, adding to the couple’s ongoing legal battles and media scrutiny
Read Full Story
The investigation continues as the EOW examines the financial dealings and has called the company's auditor for questioning to gather further evidence
Read Full Story
The unfolding legal saga is closely followed by media and fans, impacting Shilpa Shetty's public image and career
Read Full Story