An unknown person along with Bollywood actress Shilpa Shetty Kundra and her husband and businessman Raj Kundra have registered a case by the Mumbai Police’s Economic Offenses Branch (EOW) for allegedly cheating from a city businessman. According to the police report, the trio had their now closed company Best Deal TV Private Limited in a loan-cum-investment deal of Rs 60.4 crore. Businessman Deepak Kothari has alleged that the couple ‘misused’ the amount provided by them for business expansion between 2015 and 2023. He also alleged that he used this amount personal. The case was initially registered at Juhu police station under sections related to fraud and forgery. However, later on finding out that the amount included was more than Rs 10 crore, it was transferred to EOW.
What is the case against Shilpa Shetty and Raj Kundra?
According to initial reports, businessman Deepak Kothari has accused the couple that they took Rs 60.48 crore from 2015 and 2023 for the expansion of their business, but used that money for private expenses. The case is related to a loan-cum-investment deal associated with the couple’s company, Best Deal TV Private Limited.
Kothari claims that in 2015, he came in contact with the couple through an agent named Rajesh Arya. At the time, Shilpa Shetty and Raj Kundra were the directors of an online shopping platform called Best Deal TV, and Shetty allegedly had more than 87 percent of the company shares.
Arya had allegedly approached Kothari and sought a loan of Rs 75 crore for the company at an annual interest rate of 12 percent. However, to avoid high interest rates, he suggested that the amount be “investment”, and assured that the money would be repaid on time.
‘Shilpa Shetty guaranteed repayment, but resigned from the company’
In April 2015, Kothari transferred the first installment of Rs 31.95 crore. Later tax related issues came to light and another deal was signed in September 2015. Kothari says that between January 2015 and March 2016, he transferred an additional Rs 28.54 crore.
Overall, Kothari claims that he transferred more than Rs 60.48 crore for the deal, as well as Rs 3.19 lakh as a stamp fee. He claims that in April 2016, Shilpa Shetty personally guaranteed repayment, but by September the same year she resigned as the director of the company.
Soon after, a case of bankruptcy of Rs 1.28 crore came to light against the company, which Kothari alleges that he was never informed. Despite repeated requests for repayment, no action was taken.
Subsequently, Kothari lodged a complaint at Juhu police station, after which a case of cheating was registered against Shilpa Shetty and Raj Kundra. The matter is now being investigated by the Mumbai Police’s Economic Offenses Branch.
Also read this: Sharad Malhotra and Divyanka Tripathi broke the silence on the news of joining Bigg Boss 19, said- this discussion every year …
Shilpa Shetty’s statement on the case
Prashant Patil, lawyer of Shilpa Shetty and Raj Kundra, said: “My clients have been informed by a particular class of electronic and print media that an alleged case has been registered against my clients in the Economic Offenses Branch, Mumbai. Initially, in the beginning, in the beginning, my clients deny all the allegations against them, which are completely crazy and on which NCLT Mumbai is decided by NCLT Mumbai and on which NCLT Mumbai It has been narrated.He added, “This investment agreement is completely like an equity investment.”
Also read this: Sonakshi Sinha criticized the order of Supreme Court on stray dogs, saying- how much we have become as society as society
The company has already received a liquidation order, which has also been placed before the police department. The concerned charter accountants have come to the police station more than 15 times in the last one year, and they have all the evidence in support of the claims of my clients. The lawyer said, “This is a baseless and malicious matter made with the intention of defaming our clients, and appropriate action is being initiated against the culprits on our behalf.”
Visit prabhasakshi for Latest Entertainment News in Hindi Bollywood