Bollywood and business circles were rocked recently when news broke that actress Shilpa Shetty and her husband, businessman Raj Kundra, were booked by Mumbai’s Economic Offences Wing (EOW) over an alleged ₹60.48 crore cheating case. The case, filed by businessman Deepak Kothari, centers around a loan-cum-investment deal linked to the couple’s now-defunct company, Best Deal TV Pvt Ltd.
While Bollywood fans are eager for updates, this case also raises questions about celebrity-led business ventures, accountability, and the role of regulatory authorities.
Background of the Case
The alleged fraud reportedly took place between 2015 and 2023. According to the complaint, businessman Deepak Kothari provided a ₹75 crore loan, which was subsequently converted into an investment. However, Kothari claimed that the funds were misused for personal purposes by the accused instead of being used for business growth or expansion.
The investment was routed through Best Deal TV Pvt Ltd, a company that is now defunct. The complaint alleges that the defendants misled Kothari into believing the money would be used for legitimate business operations, while it was allegedly siphoned off for personal gains.
Economic Offences Wing (EOW) Action
Mumbai’s EOW, which deals with high-value fraud and white-collar crimes, has officially registered the complaint and started a detailed investigation. The EOW has the authority to investigate complex financial transactions and uncover potential money trail discrepancies.
Both Shilpa Shetty and Raj Kundra have publicly denied any criminal wrongdoing. They assert that there was no intent to defraud the businessman and maintain that all financial transactions were legally conducted.
Timeline of Events
2015: Deepak Kothari provides a ₹75 crore loan to Best Deal TV Pvt Ltd.
2015–2023: The loan is allegedly converted into an investment. Kothari claims funds were used for personal expenses.
2025: Complaint filed with Mumbai EOW by Kothari.
2025 (recent): Shilpa Shetty and Raj Kundra booked by EOW in connection with Rs 60.48 crore fraud.
What This Means for Shilpa Shetty & Raj Kundra
While the case is still under investigation, being booked by the EOW is a serious development. It doesn’t imply guilt, but it does mark the start of a lengthy legal process, which could include:
Detailed financial audits
Summons and questioning by EOW officers
Potential court proceedings if charges are formally framed
Experts note that in white-collar cases like these, proving intent to defraud is crucial and can take months or even years.
Public and Media Reaction
News of the booking has sparked widespread coverage in both mainstream and social media. Fans of Shilpa Shetty expressed shock and disbelief, while critics highlighted the risks associated with celebrity-backed businesses.
Legal analysts have pointed out that such high-profile cases often involve complex financial structures, making them challenging to resolve. Some have also emphasized the importance of regulatory oversight in business deals involving high-value loans and investments.
Legal Implications
Being booked by the EOW triggers several legal consequences:
Investigation: EOW will scrutinize all financial records related to Best Deal TV Pvt Ltd.
Interrogation: Both Shilpa Shetty and Raj Kundra may have to appear for questioning.
Charges: If evidence suggests wrongdoing, formal charges can be filed in court.
Trial: A trial could follow, depending on the EOW’s findings and prosecution readiness.
It’s important to note that being booked by the EOW does not automatically imply conviction. The case will be decided based on evidence and legal arguments.
Key Takeaways
Alleged fraud involves Rs 60.48 crore.
Complaint filed by Deepak Kothari.
Case linked to Best Deal TV Pvt Ltd, now defunct.
Shilpa Shetty and Raj Kundra deny wrongdoing.
Case under investigation by Mumbai EOW.
FAQs
Q1. What is the amount involved in the Shilpa Shetty-Raj Kundra case?
A1. The alleged fraud involves Rs 60.48 crore.
Q2. Who filed the complaint against them?
A2. Businessman Deepak Kothari filed the complaint.
Q3. Which company is involved in the case?
A3. The case is linked to Best Deal TV Pvt Ltd, now defunct.
Q4. Have the accused admitted to the allegations?
A4. No. Shilpa Shetty and Raj Kundra have denied any wrongdoing.
Q5. Which authority is investigating the case?
A5. Mumbai’s Economic Offences Wing (EOW) is handling the investigation.
Q6. What happens after being booked by the EOW?
A6. The EOW will conduct a detailed investigation, including financial audits and questioning, and may eventually file formal charges in court if evidence supports it.
Conclusion
The case against Shilpa Shetty and Raj Kundra highlights the increasing scrutiny on celebrity-backed business ventures. While the investigation is ongoing, it serves as a reminder that high-value financial dealings can attract legal and regulatory attention, regardless of public image.
As the EOW proceeds with its inquiry, the public awaits further updates on this high-profile case. For now, both the accused and their supporters continue to maintain that there was no criminal intent.
Published on : 14th August
Published by : SMITA
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