Archive · 15 Sep 2025
Raj Kundra Faces EOW Investigation in ₹60 Crore Fraud
Raj Kundra, the husband of actress Shilpa Shetty, is being investigated by the Mumbai Economic Offences Wing (EOW) for a possible fraud.
A businessman named Deepak Kothari claims he lost about ₹60 crore in a deal related to their company, Best Deal TV Pvt Ltd.
He says his investment was used for personal expenses instead of growing the business.
Both Kundra and Shetty deny the allegations, with their lawyer stating that the case is related to an old financial issue, and that they have submitted necessary documentation to the EOW.
Raj Kundra is set to appear before the EOW today in a ₹60 crore fraud case.
The case involves a complaint from businessman Deepak Kothari.
Kothari invested in Best Deal TV Pvt Ltd but claims funds were misused.
Shilpa Shetty and Raj Kundra have been issued a lookout notice.
Kundra and Shetty's lawyer claims the case is baseless and civil in nature.
- Who
- Raj Kundra and Shilpa Shetty are under investigation.
- What
- They are accused of fraud involving ₹60 crore.
- When
- The EOW registered a case in August 2025 and summoned Kundra.
- Where
- Mumbai, linked to Best Deal TV Pvt Ltd.
- Why
- Funds were allegedly diverted for personal use instead of business expansion.
Accusations
Defense
Use of Funds
Accusations
Funds were diverted for personal use.
Defense
The investment agreement is an equity investment, and the company is already in liquidation.
- Accused
- Raj Kundra, Shilpa Shetty
- Alleged Fraud Amount
- ₹60 crore
- Complainant
- Deepak Kothari
- Company Involved
- Best Deal TV Pvt Ltd
- EOW Action
- Summoned Kundra, issued lookout notice
