In the Rs 60 crore fraud case involving businessman Raj Kundra and his actress-wife Shilpa Shetty, the money trail is being investigated and efforts are also being made to find out whether the expenses incurred by the duo were genuine or not. Police officials gave this information on Wednesday. The Economic Offenses Wing (EOW) of Mumbai Police, which is probing the case, is examining the bank accounts of a company linked to the couple since 2015 and finding out whether the expenses mentioned in them were genuine or not, an official said.
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He said that during scrutiny of the accounts, it came to light that Shetty had received Rs 4 crore as fees from the company. The officer said that statements of people associated with this now closed company are being recorded. A case was registered against Shetty and Kundra at Mumbai’s Juhu police station for defrauding businessman Deepak Kothari of around Rs 60 crore.
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What is the case of fraud of Rs 60 crore?
In August 2025, Deepak Kothari, a Mumbai-based businessman, had filed a complaint against Shilpa Shetty and Raj Kundra alleging fraud of ₹60 crore. According to Deepak Kothari, he met Shilpa and Kundra in 2015 through agent Rajesh Arya. At that time, both were directors of Best Deal TV and Shilpa owned more than 87% of the company’s shares.
According to the complaint, in a meeting it was decided that Deepak would give loan to Shilpa and Raj Kundra’s company. A loan of ₹75 crore was sought for the company, on which 12% annual interest was fixed.
Deepak Kothari alleges that Shilpa and Kundra later told him that there could be tax issues on the loan, so they would show it as an investment and give returns every month. In April 2015, Kothari made the first payment of approximately ₹31.95 crore. Due to tax issues, another deal was struck in September and between July 2015 and March 2016, they transferred an additional ₹28.54 crore.
In total, he paid ₹60.48 crore and ₹3.19 lakh stamp duty. Kothari claims that Shilpa had also given him a personal guarantee in April 2016, but in September the same year, she resigned from the post of company director.
After this, a case of non-payment of loan of ₹1.28 crore by Shilpa’s company came to light. Kothari had no knowledge of this. He repeatedly asked for his money back, but did not receive any reply or money.
Initially, a case was registered under cheating and forgery at Juhu police station. Since the amount was more than ₹10 crore, the investigation has been handed over to the Economic Offenses Wing (EOW). EOW is investigating this matter.