Last Updated:
Raj Kundra allegedly diverted Rs 15 crore from the Rs 60-crore Best Deal TV Pvt Ltd fraud into a company owned by Shilpa Shetty. EOW Mumbai plans to summon Shetty for questioning.
Raj Kundra also admitted Rs 60 crore invested across five companies.
In a major development in the alleged Rs 60-crore fraud case, the Economic Offences Wing (EOW) of the Mumbai Police revealed that businessman Raj Kundra allegedly diverted about Rs 15 crore from the total amount into a bank account belonging to a company owned by actress Shilpa Shetty.
The EOW plans to summon Shetty for questioning to clarify billing and advertising expenses. According to the Mumbai police, key documents remain pending, and some funds were routed to sister companies.
Recommended Stories
The case pertains to Best Deal TV Pvt Ltd, a now-defunct teleshopping company launched by Shetty, Kundra, and actor Akshay Kumar, and promoted as India’s first celebrity-based shopping channel.
Investigators are now examining the Rs 15 crore payment to understand its purpose, as they believe the sum far exceeds what would normally be charged for advertising services. Officials said Shilpa Shetty could soon be called in to explain the nature of the transaction and why her company raised such a large bill. According to NDTV, Sources also indicated that Raj Kundra is likely to face another round of questioning by the end of the week as part of the ongoing probe.
The EOW also revealed that key documents related to the case have not been submitted by the appointed Resolution Professionals (RPs), who were previously summoned for questioning.
Investigators have uncovered another significant detail in the case: Deepak Kothari, the complainant and a director at Lotus Capital Finance Services, was allegedly prevented from receiving the promised 26% stake in the company. According to sources, this move may have been a deliberate attempt to bypass the mandatory disclosure requirements of the National Company Law Tribunal (NCLT).
Officials also found that some of the Rs 60 crore may have been diverted to accounts belonging to sister companies.
Earlier, on September 15, the EOW took Raj Kundra’s statement in connection with the cheating case. According to officials, he was interrogated for over five hours by the investigating team. To keep the proceedings away from media attention, his statement was recorded at an undisclosed location.
“We recorded Kundra’s statement today (Monday) and will summon him probably next week again as a lot more witnesses need to be verified before the next round of interrogation,” the official had said.
September 25, 2025, 12:29 IST
Loading comments…
Read More
