By Admin 
In the alleged fraud case of Rs 60 crore, Eow recorded Raj Kundra’s statement for about 5 hours yesterday. After recording his statement, Raj Kundra has issued a statements in which he said that “I am aware of the FIR lodged by the Economic Offenses Branch (EOW). I want to clear that in every phase of investigation I have fully supported the officials and the company has provided all the demands even after going to the liquidation in December 2016.
Every decision was taken with full transparency
Raj Kundra has further said in his statement, “The company that is being talked about was a startup. The nature of the startup is risky, some are successful, then some fails. Every decision in this case was taken with full transparency and approval of the board of directors, including Deepak Kothari’s sons, which were also involved after the navigation. No such claim was made at the time of liquidation.
Raj Kundra further said, “The claim to call investment a loan has already been proved wrong. Registered share subscriptions have been given to officers and this investment in the balance sheet of the contender himself is recorded as Associate. Not only once, but twice he invested in the company under his right of refusal in the same year.
The channel had to be closed due to demonetisation
Best Deal TV was a unique celebrity home shopping channel, built on the model of QVC and had the support of more than 20 big industry experts and celebrities, unfortunately, 90% of the business was based on cash-on-delivery and with the impact of demonetisation, it was the channel as it was at that time. Had to stop, these situations were out of control of anyone.
Always did business with honesty
I have always done my business with honesty and pride. Further, I will keep cooperating fully with the officials and will resort to legal measures. I believe that the truth will win and baseless allegations cannot define my identity or my work. “
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