EOW Adds Cheating Charges Against Shilpa Shetty and Raj Kundra in ₹60 Crore Fraud Case

Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, are facing intensified legal scrutiny, as the Economic Offences Wing (EOW) has added Section 420 of the Indian Penal Code (cheating) to their ongoing investigation in a ₹60 crore alleged fraud case.

The case originates from a complaint filed by businessman Deepak Kothari, who alleges that between 2015 and 2023, the couple induced him to invest ₹60 crore in their now-defunct company, Best Deal TV Private Limited, promising substantial returns. Kothari claims that the funds were diverted for personal use instead.

During the investigation, Raj Kundra reportedly informed authorities that part of the ₹60 crore was paid as professional fees to actors Bipasha Basu and Neha Dhupia. Previously, Kundra stated that the company, which dealt in electrical and household appliances, suffered heavy losses following demonetisation in 2016, leading to financial difficulties and an inability to repay borrowed funds.

Fresh evidence gathered during the probe, including witness testimonies and electronic records, prompted the EOW to invoke the cheating charge. Officials indicated that both Shilpa Shetty and Raj Kundra allegedly played a role in defrauding the investor. Given the substantial amount involved, the complainant is also considering approaching the Enforcement Directorate (ED) for further action.

Recently, the couple sought permission from the Bombay High Court to travel to London due to Raj Kundra’s father’s illness. The court allowed the request on the condition that the entire ₹60 crore amount be deposited.

The investigation into the alleged financial irregularities remains ongoing, with authorities suggesting that additional legal action may follow.