Raj Kundra Addresses Allegations of Fraud in Investment Deal

Raj Kundra responded to claims of defrauding Deepak Kothari.

Kothari invested a large sum in Kundra's company, which later closed down.

Kundra stated this was an investment, not a loan, and that losses were incurred.

He added that the company's closure was affected by demonetization.

He also mentioned that authorities reviewed the financial records and didn't raise concerns.