Raj Kundra summoned by EOW in ₹60.48 crore investment fraud, appearance postponed to Sept 15
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Raj Kundra, husband of Shilpa Shetty, has been summoned by the Economic Offences Wing (EOW) regarding a ₹60.48 crore investment fraud, with his appearance postponed to September 15. A Lookout Circular has also been issued for the couple. The fraud complaint, filed by Deepak Kothari, alleges misuse of funds invested in Best Deal TV between 2015 and 2023. Police have booked Kundra, Shetty, and an associate under IPC sections for dishonest misappropriation and criminal breach of trust, and are currently tracking the money trail.
In a nutshell
This high-profile case involving celebrity figures like Raj Kundra and Shilpa Shetty highlights the increasing scrutiny on financial dealings in the entertainment industry. The EOW's active investigation and the issuance of a Lookout Circular underscore the severity of the allegations and the authorities' commitment to addressing large-scale investment frauds.
Source: Mint
