Raj Kundra, husband of Bollywood actress Shilpa Shetty, told the police in his statement that his business had suffered huge losses due to demonetization. The Economic Offenses Wing (EOW) of Mumbai Police is investigating an alleged financial fraud case of Rs 60 crore involving actress Shilpa Shetty and her husband Raj Kundra.

Huge loss due to demonetization – Raj Kundra

During interrogation, businessman Raj Kundra told EOW that his company was in the business of electrical and home appliances, but after demonetization the company suffered a huge financial blow. Kundra said that due to financial crisis the company was unable to repay the borrowed amount.

Shilpa was interrogated for several hours

EOW interrogated actress Shilpa Shetty in this case for about four and a half hours, while Raj Kundra’s statement was recorded for the second time. Officials said Kundra will be summoned again in the coming weeks in connection with the investigation.

There was a ban on foreign travel

Earlier, Bombay High Court had rejected the petition of Shilpa and Raj regarding foreign travel. The court ordered that if he wants to travel abroad to Los Angeles or any other place in America, then first he will have to deposit Rs 60 crores. Along with this, the court has also refused to stay the Lookout Circular (LOC) issued against him.

what is the whole matter,

Raj Kundra and Shilpa Setty have been accused of causing a loss of Rs 60 crore to businessman Deepak Kothari in a loan-cum-investment deal. After which Kothari had filed a complaint against the couple at Juhu Police Station in the month of August. After the complaint was registered, the matter is being investigated by EOW.

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Raj Kundra, husband of Bollywood’s popular actress Shilpa Shetty, is once again seen stuck in legal difficulties. In fact, Raj Kundra was called by the EOW of Mumbai Police to record his statement in a fraud case of Rs 60 crore with a Mumbai businessman. According to sources, the statement of Raj Kundra has been recorded. Now they can be questioned next week in the case.

There may be questioning again next week

However, the statements of many more witnesses in this case are yet to be investigated and confirmed. According to EOW sources, the next round of inquiry will be started only after the statements of the witnesses are firmly scrutinized. In fact, Raj Kundra and Shilpa Shetty are being investigated in the case of fraud of Rs 60 crore. In this case, the couple was summoned by Mumbai’s Economic Offenses Branch (EOW). Due to this, he also appeared today.

Action on business allegations

Let us know that this action has been taken on the basis of the complaint of businessman Deepak Kothari. They allege that between 2015 and 2023, he invested Rs 60.48 crore for business expansion at Best Deal TV Private Limited Company promoted by Shetty and Kundra. However, when Raj was asked in this matter, he said while talking to India Today that, ‘We did not do anything wrong nor will we ever ..’

Raj Kundra was seen in this film

Raj Kundra has become a businessman and has now become an actor. His recent film ‘Meher’ has been released. In which he appeared with actress Geeta Basra. The film is also getting a lot of love from the fans. At the same time, Shilpa Shetty was seen in the film ‘Kaminey’.

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Raj kundra blackmailed manoj badale: Manoj Badale, owner of Rajasthan Royals, has made serious allegations against former co-owner of franchisees Raj Kundra. Manoj Badale has accused Raj Kundra of blackmailing him in the court of United Kingdom. Manoj Badale is currently holding the most stake in the Rajasthan Royals team and he has told that Raj Kundra is blackmailing him by saying that Manoj Badale has cheated him for his stake in Rajasthan Royals.

RR owner accused Raj Kundra

According to the Reuters report, Manoj Badale’s lawyer has claimed that Raj Kundra blackmailed Badale by threatening to report serious allegations from the Indian authorities. At the same time, Manoj Badale and Emerging Media Ventures were to prosecute the London High Court for violating the 2019 Confidential Satellment Agreement against former owner Raj Kundra.

Raj Kundra had an 11.7 per cent stake in the Rajasthan Royals as of IPL 2015, but in 2015 she was accused of betting in the IPL, in which he was found guilty. After this, Raj Kundra was forced to leave the stake. Speaking to the Reuters, the lawyer of the owner of Rajasthan Royals said that Raj Kundra suddenly emailed Manoj Badale last month, claiming that ‘I was misled and my 11.7 per cent has also been cheated by the correct price of the stake’.

Raj Kundra announced this

Raj Kundra shared a post from his X account on May 29, in which he wrote that he will soon present the evidence of financial misconduct to the Board of Control for Cricket in India (BCCI). Raj Kundra said that ‘it includes cases related to fraud and manipulation in many shareholders deals’.

I will only be released DOCUMENT DOCEMENT Evidence Exposing Serious Financial Misconduct, Through offshore structures and hidden transactions involving a key promoter of the Rajasthan royals. This include decision and manipulation in many sharehlder dealings! @Bcci pic.twitter.com/42F10BC50O

– raj kundra (@onlyrajkundra) May 28, 2025

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