Mumbai : The Mumbai Police has issued a lookout notice against Shilpa Shetty and Raj Kundra in connection with a 60 crore fraud case. The Enforcement Wing (EOW) is investigating alleged financial irregularities and tracing the money flow linked to businessman Deepak Kothari.
Businessman Deepak Kothari alleges that the couple, along with associates, conspired to defraud him of over 60 crores. Funds initially provided for business expansion between 2015 and 2023 were allegedly diverted to personal use, according to the complaint.
Kothari claimed that in April 2015, he transferred approximately 31.95 crores as the first installment under an investment agreement. A second agreement followed in September 2015, resulting in an additional 28.54 crores transferred by March 2016, totaling 60.48 crores, with 3.19 lakh rupees paid as stamp duty.
Shilpa Shetty had allegedly provided a personal guarantee in April 2016 but resigned as director by September 2016. Soon after, the company, Best Deal TV Pvt. Ltd., faced an insolvency case of 1.28 crores, information which Kothari claims was not disclosed to him.
The Mumbai Police’s EOW has filed an FIR under IPC sections 403, 406, and 34. Officials are reviewing the couple’s travel records and have now issued a lookout notice to prevent them from leaving the country. The police are also summoning auditors who conducted audits during the period in question.
A senior police officer stated that the investigation aims to fully trace the alleged conspiracy, ensure accountability, and recover misappropriated funds. Authorities are examining all financial transactions and agreements to build the case.
Key Takeaways :
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Mumbai Police issues lookout notice against Shilpa Shetty & Raj Kundra.
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Alleged 60 crore fraud involving businessman Deepak Kothari.
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FIR filed under IPC 403, 406, 34; auditors summoned.
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Police tracing money flow and investigating a possible conspiracy.
Also Read : Shilpa Shetty Raj Kundra Cheating Case: Rs 60 Cr Fraud
