Shilpa Shetty and Raj Kundra respond to financial fraud accusations

Bollywood actor Shilpa Shetty and her husband, businessman Raj Kundra, have been booked by EOW for allegedly cheating a businessman of over Rs 60 crore. According to ANI, the man named Deepak Kothari alleged that the couple took money in pretext of business investment but used for personal reasons. Now, the couple’s lawyer has responded to the allegations, calling it baseless. 

Shilpa Shetty, Raj Kundra’s lawyer on the fraud allegation

Advocate Prashant Patil released a statement to the press on behalf of Shilpa and Raj that read, “My clients have been informed by certain segment of electronic and print media that there is an alleged case registered against my clients at the Economic offence wing, Mumbai. At the outset , my clients deny all the allegations against my clients which are purely civil in nature and have been adjudicated by the NCLT Mumbai on 04/10/2024.”

He added, “This is an old transaction, wherein the company went in to financial distress and eventually got entangled in a long legal battle at the NCLT. There is no criminality involved and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements. The investment agreement in question is purely in the nature of an equity investment.”

 

 

 

 

 

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The advocate called the case ‘baseless’ and ‘malicious’, claiming, “The company has already received a liquidation order, which has also been placed before the police department . The concerned Charter accounts have visited the police station for last one year for more than 15 times with all the evidence supporting the claims of my clients. This is nothing but a baseless and malicious case aimed at maligning our clients, and appropriate action is being initiated from our side against the perpetrators.”

About Shilpa Shetty and Raj Kundra

Shilpa’s husband Raj has been in hot water several times as he has even been arrested. He was under massive scrutiny after getting arrested in 2021 for allegedly producing and selling adult content. He spent two months in Arthur Road jail before being granted bail. He is now venturing into acting with a Punjabi film. Meanwhile, Shilpa is now gearing up for KD- The Devil.