Mumbai Police have registered a First Information Report (FIR) against Bollywood actor Shilpa Shetty and her husband, businessman Raj Kundra, in connection with an alleged ₹60 crore fraud case, officials confirmed on Tuesday.
According to sources, the case has been filed by the Economic Offences Wing (EOW) of the Mumbai Police, which has invoked Section 420 of the Indian Penal Code (cheating) along with other relevant provisions.
As revealed by India Today reporter Divyesh Singh, the complaint was lodged by a businessman who alleged that he was cheated after a loan extended to the couple was later converted into an investment without consent.
What is the allegation?
The complainant claims that the accused took a loan amounting to ₹60 crore in 2015. Instead of repaying the amount, the money was allegedly converted into an investment in a television shopping channel named Best Deal TV, which was linked to Raj Kundra.
According to the FIR, the businessman was assured returns and repayment, but neither materialised. The complainant further alleged that false representations were made regarding the nature of the transaction, resulting in financial losses.
Mumbai Police Action
Following a preliminary inquiry, the EOW found sufficient grounds to register a case. Investigators are now examining financial records, agreements, and fund transfers related to the transaction.
Officials said that the case pertains to alleged fraud, cheating, and misrepresentation, and further investigation is underway to establish the role and liability of all parties involved.
Response Awaited
As of now, Shilpa Shetty and Raj Kundra have not issued any official statement regarding the FIR. Police sources indicated that notices may be issued to the accused as part of the investigation process.
The case adds to Raj Kundra’s ongoing legal troubles, though authorities have clarified that the present FIR is separate from previous cases involving him.
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