Shilpa Shetty & Raj Kundra (Social media)
National News: Mumbai Police has started tightening the noose on actress Shilpa Shetty and her husband, Raj Kundra, in the fraud case of Rs 60 crore. The police have prepared to issue a Look Out Circular (LoC) against both of them so that they cannot escape investigation by going abroad.
Police officials say that Shilpa and Raj often travel abroad. In such a situation, there was a fear that they might go out of the country during the investigation. This is why this step has been taken.
Actually, 60-year-old businessman Deepak Kothari has complained to the police that the couple and their company, Best Deal TV Private Limited, took crores of rupees from him in the name of investment and later did not return the money.
Kothari alleges that he gave about Rs 60 crore to this company in two installments in 2015. In return, he was assured of profit every month and return of the real amount. But even after trying several times, he did not get any payment.
It is being said that after some time this company closed down. Kothari says that the couple used the money taken in the name of investment for their personal needs.
In this case, the Economic Offenses Wing (EOW) had registered a case on August 14. The police have registered a case against Shilpa and Raj Kundra under sections 403 (misappropriation of property), 406 (criminal breach of trust), and 34 (common intention).
The couple has completely rejected these allegations. Their lawyer, Prashant Patil, said that this dispute is very old and there is no criminality in it. He says that the company was trapped in financial difficulties and the case is already going on in NCLT (National Company Law Tribunal).
The lawyer also said that all the financial information, documents, and cash flow reports related to the company have been given to the police. He described this case as completely baseless and malicious.
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