However, the legal team of the actress and her husband has strongly denied the charges, it said.
Economic Offences Wing Mumbai Police Widens Probe into Alleged Rs 60 Cr Fraud Case of Shilpa Shetty: The Economic Offences Wing (EOW) of Mumbai Police has extended its probe into an alleged Rs 60 crore fraud involving businessman Raj Kundra and his wife, actress Shilpa Shetty, Money Control reported.
According to the report, on Thursday, investigators confirmed that Shilpa has been summoned for questioning after officials traced a suspicious Rs 15 crore transaction to her company.
According to other reports cited in the Money Control report, investigators discovered that Raj Kundra had transferred Rs 15 crore to a firm linked to Shilpa Shetty. The funds have been categorized under billing and advertising expenses.
Authorities are now seeking clarity on the nature of these payments, with some money allegedly routed to sister companies, it said.
The Economic Offences Wing (EOW) of Mumbai Police reportedly stated that key documents are still pending, and further information about the trail of funds is expected to emerge in the coming weeks.
The case, according to the report, developed from a complaint filed in August by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd. Kothari accused Raj Kundra, Shilpa Shetty, and another individual of cheating him of over Rs 60 crore between 2015 and 2023.
Deepak Kothari alleged that the money invested under the pretext of business expansion was allegedly diverted for personal use.
However, the legal team of the actress and her husband has strongly denied the charges, it said.
Their lawyer, Advocate Prashant Patil, issued a statement stating that the matter had already been adjudicated by the National Company Law Tribunal (NCLT) in October 2024.
“This is an old transaction wherein the company went into financial distress and eventually got entangled in a long legal battle. My clients deny all the allegations made against them,” Patil is quoted as saying in the report.
Shilpa Shetty is expected to appear before the EOW to share her version of the events regarding the Rs 15 crore transfer.
The investigation is underway.
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