Raj Kundra Interrogated in ₹60 Crore Fraud Case by Mumbai EOW

The Economic Offences Wing (EOW) of Mumbai Police has recently questioned businessman Raj Kundra, husband of Bollywood actress Shilpa Shetty, in connection with a high-profile fraud case involving ₹60 crore. Raj Kundra, aged 50, was interrogated for over five hours by EOW officials on Monday. The police ensured that his statement was recorded in a confidential location, keeping the proceedings away from media attention.

Officials stated that the process of questioning will continue, and Kundra might be called again next week as more witnesses and evidence need verification. "We recorded Kundra's statement today and will summon him again, as many witnesses still need to be verified before the next round of interrogation," an EOW official said.

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Shilpa Shetty’s Involvement

At present, no summons has been issued to actress Shilpa Shetty, who is also named as a co-accused in the case. The police are still gathering evidence against her. According to officials, her involvement will be assessed once the investigation progresses and sufficient proof is collected.

The investigation centers around a ₹60 crore cheating case registered in Mumbai, involving both Raj Kundra and Shilpa Shetty.

Origins of the Case

The case was filed following a complaint by businessman Deepak Kothari, 60, who is the director at Lotus Capital Finance Services, a non-banking financial company. Kothari alleged that the couple, along with some unidentified individuals, cheated him of ₹60.4 crore through a loan-cum-investment deal. This deal was associated with their now-defunct company, Best Deal TV Pvt Ltd.

The police investigation has focused on verifying the financial documents and understanding the flow of funds from this investment. According to Kothari, the loan and investment agreement was misused, causing him a substantial financial loss.

Lookout Circulars Issued

Earlier this month, the Mumbai Police issued Lookout Circulars (LOCs) for both Shilpa Shetty and Raj Kundra. A Lookout Circular is a security measure used by authorities to prevent someone from leaving the country. It alerts immigration and border officials to monitor the movements of the individuals named in the circular, ensuring that they cannot escape investigation or prosecution.

The issuance of the LOCs indicates the seriousness of the investigation and the authorities’ intent to closely monitor the movements of the accused.

Shilpa Shetty’s Recent Social Media Post

Despite the ongoing investigation, Shilpa Shetty shared a heartfelt birthday message for Raj Kundra on Instagram a few days ago. She called him “My darling Cookie” and wished him good health, happiness, and success. She also shared pictures from Shri Sukhmani Sahib Path, a religious ceremony held at their home, indicating that the family continues to observe traditions amid the legal proceedings.

Shilpa’s public display of affection for her husband highlights the personal side of the celebrity couple during these challenging times.

Raj Kundra’s Professional Ventures

Raj Kundra, besides being a businessman, recently ventured into acting. He appeared in the Punjabi film Mehar, which also stars actress Geeta Basra. This marks a significant shift from his previous business-focused career.

On the other hand, Shilpa Shetty continues her professional engagements in the entertainment industry. She is currently a judge on the popular dance reality show Super Dancer Chapter 5. Despite the legal challenges, she remains actively involved in her work, balancing professional commitments with personal responsibilities.

Personal Life of the Couple

Shilpa Shetty and Raj Kundra got married on November 22, 2009. The couple has two children. Their first child, a son named Viaan, was born in May 2012. Later, in February 2020, they welcomed their daughter, Samisha, through surrogacy.

Even as the investigation unfolds, the couple appears to be focusing on their family life and celebrating personal milestones, such as birthdays and religious ceremonies.

Details of the ₹60 Crore Fraud Allegation

The alleged fraud case revolves around the now-defunct company Best Deal TV Pvt Ltd. The company had entered into a loan-cum-investment agreement with Deepak Kothari’s Lotus Capital Finance Services. According to the complaint, Raj Kundra and Shilpa Shetty, along with other unidentified individuals, were involved in cheating the investor of over ₹60 crore.

The police are investigating how the funds were managed and whether the money was diverted or misused. Officials are also looking into the role of other individuals associated with the deal.

Next Steps in the Investigation

The Economic Offences Wing plans to continue questioning Raj Kundra in the coming days. They are also gathering additional evidence and statements from witnesses to strengthen the case. The police have made it clear that Shilpa Shetty may also be called for questioning once sufficient evidence is collected against her.

The investigation is ongoing, and authorities are determined to ensure that all aspects of the alleged fraud are thoroughly examined.

The ₹60 crore fraud case involving Raj Kundra and Shilpa Shetty has captured public attention due to the high-profile nature of the accused. While Raj Kundra has already been questioned for several hours, the investigation is far from over. Police are still verifying witnesses and gathering evidence, and Shilpa Shetty may also be summoned in the future.

Despite the ongoing case, the couple continues to maintain their personal and professional lives. Raj Kundra is exploring acting, while Shilpa Shetty remains active in her television career. At the same time, the family is focusing on their children and traditional celebrations at home.

The case remains under investigation, and further developments are expected as the EOW continues its detailed inquiry into the alleged ₹60 crore fraud.