The Mumbai Police's Economic Offences Wing (EOW) questioned Bollywood actress Shilpa Shetty for approximately four hours and thirty minutes in connection with a ₹60 crore (approximately $1.5 billion) fraud case involving a businessman. So far, statements have been recorded from five individuals, including Shilpa's husband, Raj Kundra. The investigating agency's focus is now on the company through which the entire transaction took place. Both Shilpa and Kundra were directors.
What is the matter?
It is alleged that businessman Deepak Kothari (60) was defrauded of ₹60 crore (approximately $1.5 billion) by the Kundra-Shetty couple in a loan-cum-investment deal. Kothari filed a complaint at the Juhu police station in August, following which the EOW took over the case. Numerous financial documents and bank transactions are being examined during the investigation.
The Company's Role
The company at issue was a home shopping and online retail platform, established a few years ago on a large scale. The company has now gone into liquidation. The EOW also recorded the statement of resolution professional Rajendra Bhutada, who stated that he was called as a witness. He stated that there were several irregularities in the company's financial transactions, which were reported to the investigating agency.
Raj Kundra's Statement
During interrogation, Raj Kundra claimed that he had paid a portion of the money as professional fees to Bollywood celebrities such as Bipasha Basu, Neha Dhupia, and Ekta Kapoor. However, these claims have not yet been confirmed. According to officials, they are now investigating whether these payments were directly related to the investment deal or were merely a pretext.
Questions about Shilpa Shetty's Role
The EOW team asked Shilpa Shetty several questions regarding her role in the company, her involvement in investment decisions, and her signature on financial documents. According to sources, the actress described herself as a "silent partner" and said that all operational decisions of the company were made by her husband, Raj Kundra.
The investigation into the case is ongoing. The EOW has clarified that the investigation is still in its initial stages and that several new witnesses will be questioned. New names may emerge in the case as the documents indicate the suspicious nature of several transactions.
Sheikh Hasina gets a death sentence. What did the court say while giving the verdict on the former PM of Bangladesh?
The court has delivered its verdict on five serious charges against former Bangladesh Prime Minister Sheikh Hasina. The court found her guilty and sentenced her to death. This decision has caused a
The Bigg Boss Kannada 12 house was evacuated, but the ban has now been lifted; Kichcha Sudeep thanks the Deputy CM.
Superstar Kiccha Sudeep's show "Bigg Boss Season 12" is making headlines in Karnataka these days. Recently, the Bigg Boss Kannada Season 12 house was sealed due to environmental violations. Now,
Bangladesh Unrest: Seven accused arrested in the murder of a Hindu youth; the Yunus government calls it mob violence...
Significant action has been taken in the case of the mob lynching of Deepu Chandra Das (27), a young man of the Hindu faith, in the Baluka area of Mymensingh district, Bangladesh. Interim
Tamil Nadu stampede case: Supreme Court to hear today, Madras High Court order challenged
The Supreme Court will hear a petition filed by Tamil actor Vijay's political party, Tamilaga Vetri Kazhagam (TVK), on Friday. The petition challenges the Madras High Court's order directing the
PAK vs SA: Pakistan avenges their previous defeat against South Africa, levelling the series with a massive win.
Pakistan defeated South Africa by nine wickets with 41 balls to spare in the second T20 International on Friday. This leveled the three-match T20 International series 1-1. The third and final T20
Who is Jemimah Rodrigues? Read her emotional journey from 'Baby' to becoming the backbone of the Indian middle order.
In the second semi-final of the Women's ODI World Cup 2025, the Indian women's cricket team played an innings that touched not only the match but the hearts of every Indian. The heroine of this
Salman Khan's fitness at the age of 59 left fans stunned, saying, "Bhaijaan's charisma..."
Bollywood icon Salman Khan is currently in Qatar for his much-awaited Da-Bangg: The Tour Reloaded. The actor has already been giving fans fun behind-the-scenes glimpses. His latest photo, shared on
Bigg Boss 19: 'We'll turn her into a dog', Amaal Malik's harsh words about Tanya Mittal, shocking video goes viral
If the saying "You can love her, you can hate her, but you can't ignore her" fits any Bigg Boss 19 contestant, it's Tanya Mittal. From day one until the finale neared, Tanya Mittal has been in the
Delhi-NCR Air Pollution: Difficult to breathe in Delhi-NCR, AQI at severe level, know where the air is worse
The capital, Delhi, was once again shrouded in a thick, toxic smog. The air quality index reached alarming levels in key areas like India Gate, AIIMS, Safdarjung Hospital, Anand Vihar, and ITO.
'A fair investigation into Hady's murder must be conducted...', India gives a clear message to Bangladesh, expressing concern over rumors.
India has unequivocally told the Bangladeshi government that it is the responsibility of the Yunus government to address the anti-India sentiment that has arisen in the country following the murder of
