 "Did Shilpa Shetty and Raj Kundra dupe a businessman for Rs 60 crore? Couple's lawyer says 'This is an old transaction and…'")
Celebrity couple Shilpa Shetty and Raj Kundra are in trouble once again and this time, there are reports they duped a businessman for Rs 60 crore. The case has now been handed over to the Economic Offences Wing (EOW) for further investigation as the amount involved exceeded Rs 10 crore. The name of the complainant is Deepak Kothari.
Kothari has alleged he invested his money in the couple’s now defunct company Best Deal TV Pvt Ltd between 2015 and 2023 but his money was never used for business purposes.
Couple’s lawyer breaks silence
My clients have been informed by certain segment of electronic and print media that there is an alleged case registered against my clients at the Economic offence wing , Mumbai .
At the outset , my clients deny all the allegations against my clients which are purely civil in nature and have been adjudicated by the NCLT Mumbai on 04/10/2024
This is an old transaction , wherein the company went in to financial distress and eventually got entangled in a long legal battle at the NCLT
There is no criminality involved and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements.
The investment agreement in question is purely in the nature of an equity investment.
The company has already received a liquidation order, which has also been placed before the police department . The concerned Charter accounts have visited the police station for last one year for more than 15 times with all the evidence supporting the claims of my clients .
This is nothing but a baseless and malicious case aimed at maligning our clients, and appropriate action is being initiated from our side against the perpetrators.
Advocate Prashant Patil
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