Raj Kundra responds to Rs 60 crore fraud allegations: `The truth will come out`

Raj Kundra and Shilpa Shetty have been at the centre of controversies after Mumbai Police had sent a lookout notice to them over Rs 60 crore fraud case. While their advocate had earlier reacted to the claims, calling them baseless. Now, Raj Kundra has first time reacted to the controversy. He claims to be innocent and states that the truth will come out soon.

Raj Kundra reacts to Rs 60 crore fraud allegations

In an interview with India Today, Kundra addressed the allegations with a clear stance, saying: “Let’s just wait and watch because that’s life for you, and we have not said anything about it because we know we haven’t done anything wrong. The truth will come out eventually. We`ve never done anything wrong in life, and we never will.”

 

 

 

 

 

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About the controversy

Mumbai Police`s EOW has issued a Look Out Circular (LOC) against actress Shilpa Shetty and her businessman husband Raj Kundra, accused of defrauding a businessman of 60 crores. For the unversed, businessman Deepak Kothari has alleged that Shilpa and Raj conspired to cheat him of more than 60 crores. He claimed that the money given in the name of business expansion between 2015 and 2023 was actually squandered on personal expenses.

A senior officer of the Mumbai police had stated that the police are reviewing the couple`s travel logs and will issue a lookout notice against them if necessary, which has now been issued. The investigators are attempting to trace the money flow since the timeframe of the alleged fraud. When the case went to the NCLT (National Company Law Tribunal), the auditor who conducted the audit has also summoned for questioning by the police.

Shilpa, who had allegedly provided a personal guarantee in April 2016, suddenly resigned from her post as the director of the company in September 2016. When he asked for his money back, they allegedly just started avoiding the issue.

Apart from the ongoing issue, Shilpa announced closure of her popular restaurant Bastian’s Bandra outlet. She later revealed she has opened a new restaurant instead. While Raj Kundra starred alongside Geeta Basra in Punjabi film Mehar.