Raj Kundra Booked: The Economic Offences Wing (EOW) of the Mumbai Police has registered a case of fraud against Bollywood actress Shilpa Shetty, her husband and businessman Raj Kundra, along with an unidentified individual. The complaint, lodged at Juhu Police Station, alleges that the couple cheated Mumbai-based businessman Deepak Kothari of a staggering ₹60.4 crore in a loan-cum-investment deal linked to their now-defunct venture, Best Deal TV Private Limited.
The Complaint and Allegations
According to a report by the Hindustan Times, the complaint was filed through Kothari’s legal representatives, Dr. Yusuf Iqbal and Zain Shroff. Kothari claims he was introduced to the couple by Rajesh Arya when they were directors of Best Deal TV Pvt Ltd — a home shopping and online retail platform that once promised to revolutionize televised retail in India. At the time, Shilpa Shetty and Raj Kundra allegedly held a combined 87.6% stake in the company.
Initially, the accused are said to have approached Kothari for a loan of ₹75 crore at 12% annual interest. However, the arrangement reportedly took a turn when the couple convinced him to treat the transaction as an investment rather than a loan, allegedly to avoid higher tax liabilities. They also promised monthly returns along with full repayment of the principal.
The Loss of ₹60.4 Crore
Kothari alleges that despite repeated assurances, he neither received the promised returns nor the principal amount in full. The current claim stands at ₹60.4 crore in unpaid dues. The EOW is now investigating the matter to determine the full extent of the alleged fraud and the role of each accused.
About Best Deal TV Pvt Ltd
Best Deal TV Private Limited was launched as a celebrity-driven home shopping platform, offering fashion, lifestyle, and household products through television and online channels. Despite initial hype, the venture shut down after a few years, reportedly due to financial troubles and operational setbacks.
Ongoing Investigation
Police officials have stated that the case is under active investigation and further details will be disclosed as evidence is gathered. This is not the first time Raj Kundra has faced legal scrutiny; in the past, he has been embroiled in other high-profile controversies, including the pornography-related case in 2021.
The allegations have once again placed Shilpa Shetty and Raj Kundra in the media spotlight, raising questions about celebrity-led business ventures and investor protection.
(This is a developing story and will be updated as more information emerges.)