Businessman Raj Kundra, husband of actress Shilpa Shetty, turned 50 on September 9, 2025. Nonetheless, his milestone birthday comes below a cloud because the Financial Offences Wing (EOW) has summoned him in reference to a Rs 60.48 crore dishonest case. In keeping with reviews, Kundra was initially directed to look earlier than investigators on September 10 however sought an extension. He has now been requested to look on September 15.
Shilpa Shetty and Raj Kundra face Look Out Round as EOW probes Rs 60.48 crores funding fraud: Reviews
Within the meantime, a Look Out Round (LOC) has been issued in opposition to each Kundra and Shetty to forestall them from leaving India. In keeping with a report by Free Press Journal, a senior EOW official confirmed that summons have additionally been issued to the auditor of the Nationwide Firm Regulation Tribunal (NCLT) as a part of the probe.
The criticism was filed by Deepak Kothari (60), Director of Lotus Capital Monetary Providers. He alleged that between 2015 and 2023, he invested Rs 60.48 crore in Finest Deal TV Pvt. Ltd.—an organization promoted by Kundra and Shetty—for enterprise growth.
Kothari claimed that as an alternative of being utilized for enterprise, the funds had been siphoned off and diverted for the couple’s private use. He mentioned he was launched to Kundra by a mutual acquaintance and was assured of month-to-month returns together with reimbursement of the principal funding.
On the time of funding, Shilpa Shetty and Raj Kundra collectively held 87.6% shares in Finest Deal TV, a web based procuring and retail platform. Nonetheless, Shetty resigned from the corporate in 2016. Kothari later found that insolvency proceedings had been initiated in opposition to the agency after one other investor accused the promoters of fraud.
The EOW had beforehand summoned Shetty and Kundra 3 times throughout its preliminary inquiry. The couple, citing their keep in London, despatched their legal professional as an alternative. Investigators discovered the data offered by the legal professional insufficient, which led to the registration of a proper FIR.
The case has been filed below IPC Sections 403 (dishonest misappropriation of property), 406 (prison breach of belief), and 34 (frequent intention).
Whereas Kundra’s fiftieth birthday marks a private milestone, celebrations are more likely to take a backseat because the businessman prepares to face questioning by the EOW. The probe is anticipated to accentuate within the coming days, with the LOC guaranteeing that neither Kundra nor Shetty can go away the nation till the investigation progresses.
Additionally Learn: Shilpa Shetty and staff reinvent Bastian: Bandra; it turns into ‘Ammakai’ and Juhu welcomes Bastian Seashore Membership
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