By Admin 
Bollywood actress Shilpa Shetty and her husband Raj Kundra have registered a case of cheating a businessman of 60 crores. During the investigation of this case, Eow is now preparing to issue a lookout notice against husband and wife. Sources said that the police is watching their travel log and a lookout notice will be issued against them if needed.
Police engaged in finding the flow of money
An official further said that since the tenure of this fraud, where the flow of those money has been found, it is being ascertained to know what the money has been used for.
Sources further said that when their case went to NCLT, the auditor who had audited has also been summoned for questioning, the questioning could not be made due to the movement going on in the Philhal Festival and the city.
Shilpa-Raj accused of fraud of 60 crores
Sources said that businessman Deepak Kothari has alleged that both together defrauded them more than 60 crores. Kothari says that he had given this money between 2015 and 2023 in the name of increasing business, but in reality it was made in private expenses.
- In 2015, Rajesh Arya, an agent from Kothari, met. He his connection Shilpa-Raj’s Best Deal TV Pvt. Ltd. Told from The company claimed that we have online shopping platform, from fashion to health products everything is sold. Arya asked for a loan of 75 crores, 12% annually. At that time Shilpa had more than 87% shares in the company.
- Initially there was talk of giving loan, but it was suggested to make it “investment” by making an excuse for tax. There was a meeting in the hotel, it was promised that tax will also be less, interest will also be available, money will return from time. Trusting Kothari transferred the first installment in April 2015, around 31.95 crores.
- The tax issue did not resolve, yet the second agreement was created in September 2015 and between July 2015 and March 2016 and 28.54 crore were transferred.
Overall, 60 crore 48 lakh 98 thousand 700 rupees and 3 lakh 19 thousand 500 rupees were given stamp duty from above. In return, Shilpa Shetty also gave a personal guarantee in April 2016. - In September 2016, Shilpa suddenly resigned as the director. Shortly after, it was found that the company is undergoing an insurance case of 1.28 crore, which was not even given to Kothari. Bus began to shout on asking for money back
- Kothari alleges that from 2015 to 2023, Shilpa, Raj and her companions were running a well-planned conspiracy. Took money in the name of business, but put it in personal benefit. The EOW of Mumbai Police has registered an FIR under sections 403, 406 and 34 of the IPC.
What did the complainant’s lawyer claim
In the case filed against Shilpa Shetty and Raj Kundra, complainant Deepak Kothari’s lawyer Jain Shroff says that Shilpa Shetty and Raj Kundra from her client sought Rs 60 crore as a loan to erect the Best Deal TV company in 2015. When the complainants agreed to give a loan, Shilpa and Raj told him that you should invest in the company so that your tax will be saved. An agreement was also signed about this, in which it was said that all the money that the complainant will invest in that company will be returned to them within 5 years with a profit of 12%. Shilpa Shetty also gave her a personal guarantee to return the money.
According to the complainant’s counsel, a few months after giving 60 crores, the company was declared bankrupt for just one crore and the case went on in NCLT. During this time, the complainant says that he kept asking for his money from Shilpa Shetty and Raj Kundra in which he was told that he has a personal guarantee given by Shilpa Shetty, due to which the money will be returned today or tomorrow to the termination of the agreement.
But when the money did not return for 9 years, the complainant first complained to the Juhu police station and later the matter was transferred to the Economic Offense Wing. After initial investigation for about 1 year, the Economic Offenses Branch of Mumbai Police has registered a case of cheating against Shilpa Shetty and her husband. The complainant also alleges that Shilpa and Raj have used the money given by them for their personal expenses.
What does Shilpa Shetty say?
Shilpa Shetty’s lawyer Prashant Patil says that all the allegations on her client are false. When the company is insolvency, the matter goes on in NCLT and those who remain money, they go in front of NCLT and apply for their money recovery, which the complainant has never done. According to Shilpa’s lawyer, the complainant was a partner in that company. The complainant’s son was in the post of direct him in the company. The equity agreement was signed between Shilpa and the complainant, which means that even if there is a profit, both will be divided and even if there is loss, both will be divided.
On the personal guarantee, Shilpa’s lawyer says that if she has any such document, she will be kept in the court and the court will decide on it. On the use of the money given for the same investment, Shilpa’s lawyer says that if any company is estimated, then a lot has to be done for its promotion, many have to go to many places and many expenses are made to strengthen the brand. The complainants are describing these expenses as Shilpa and Raj’s personal expenses.
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