Shilpa Shetty & Raj Kundra’s lawyer denies fraud allegations
Shilpa Shetty and her husband, businessman Raj Kundra, have been booked by Mumbai’s Economic Offences Wing (EOW) following allegations of fraud amounting to over Rs. 60 crore.
According to ANI, a businessman named Deepak Kothari has accused the couple of accepting funds under the guise of a business investment, which he claims were instead diverted for personal use. In response, the couple’s legal representative has dismissed the allegations as unfounded.
Advocate Prashant Patil issued a statement on behalf of Shetty and Kundra, saying, “My clients have been informed by certain segments of the electronic and print media that an alleged case has been registered against them at the Economic Offences Wing, Mumbai. At the outset, my clients categorically deny all allegations, which are purely civil in nature and have already been adjudicated by the NCLT Mumbai on 4 October 2024.”
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He further clarified, “This pertains to an old transaction, during which the company experienced financial distress and became embroiled in a lengthy legal dispute at the NCLT. There is no criminality involved. Our auditors have submitted all necessary supporting documentation to the EOW as requested, including detailed cash flow statements. The investment agreement in question is strictly in the nature of an equity investment.”
