Mumbai: Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, are facing fresh legal trouble after the Mumbai Police’s Economic Offences Wing (EOW) registered a case against them in connection with a ₹60 crore investment fraud.
According to officials, a Look Out Circular (LOC) has been issued against the couple following a complaint lodged by Deepak Kothari, director of Lotus Capital Financial Services.
Kothari alleged that between 2015 and 2023, he invested ₹60.48 crore in Best Deal TV Pvt. Ltd., a company in which Shetty and Kundra jointly held 87.6% shares, on the promise of assured returns. Instead, the funds were allegedly siphoned off for personal use.
Police said Shetty resigned from the firm in 2016, while the company later faced insolvency proceedings after similar complaints of cheating surfaced.
The FIR, filed at Juhu Police Station, invokes IPC Sections 403 (dishonest misappropriation of property), 406 (criminal breach of trust), and 34 (common intention). The case is currently under investigation.
