Bollywood actress Shilpa Shetty's husband and businessman Raj Kundra's troubles are escalating. The Economic Offence Wing (EOW) has summoned him in a case of fraud amounting to Rs 60.48 crore. Raj Kundra has been asked to appear for questioning on September 15.
Entertainment: Bollywood actress Shilpa Shetty's husband Raj Kundra's troubles are mounting. The Economic Offence Wing (EOW) has summoned him in a Rs 60.48 crore fraud case. Notably, it is also Raj Kundra's birthday today. He has been asked to appear for questioning on September 15. Earlier, he was supposed to appear on September 10 but had requested additional time for his appearance.
Lookout Circular Issued
The EOW has also issued a lookout circular against Raj Kundra. Under this, he cannot leave the country. A senior EOW official stated that an auditor from the National Company Law Tribunal (NCLT) has also been summoned for questioning.
Shilpa Shetty and Raj Kundra were summoned by the EOW three times during the preliminary investigation. Both stated that they reside in London and consequently sent their lawyer. However, the EOW mentioned that the lawyer did not provide complete information. Following this, a formal FIR was registered.
What is the Entire Matter?
According to the FIR registered at Juhu police station in Mumbai, the director of Lotus Capital Financial Services claims that between 2015 and 2023, he invested Rs 60.48 crore in Raj Kundra and Shilpa Shetty's company, Best Deal TV Private Limited. The complainant alleges that Raj and Shilpa used this money for personal expenses instead of investing it in the company.
According to the EOW's investigation, this case falls under the ambit of serious economic offense. Misappropriation of funds and misleading investors are considered serious offenses under legal proceedings.
Jain Shroff, the lawyer for complainant Deepak Kothari, stated that his client invested with sufficient evidence, but the company misled them. He added that the investors' money was not used properly. Meanwhile, Shilpa Shetty's lawyer Prashant Patil has denied the allegations. He stated that the complainant was himself a partner in the company and his son was also made a director. If the company made any profits, it would have been distributed among all partners.
