Shilpa Shetty and Raj Kundra booked for dishonest
Shilpa Shetty, Raj Kundra booked for dishonest. Shilpa Shetty and her husband Raj Kundra landed in hassle after they had been booked for dishonest case.
Mumbai based mostly Businessman Deepak Kothari alleged that the couple cheated him price Rs 60crs which he had given them for enterprise growth which they used for private causes. The case is linked to loan-cum-investment deal for the superstar couple’s now-defunct Finest Deal TV Pvt Ltd.
Businessman Deepak Kothari has alleged that he had given them Rs 60 crore for enterprise growth round 2015-2023, however they spent it on private bills. Mr Kothari claimed he had come into contact with Shetty-Kundra via an agent, Rajesh Arya, in 2015. At the moment, the couple had been the administrators of Finest Deal TV, a web based purchasing platform; Ms Shetty held over 87% shares within the firm then.
Mr Arya, he alleged, had sought a mortgage of Rs 75 crore, at 12% annual curiosity for the corporate, however to keep away from increased taxes, he recommended that he channel the quantity as an “funding”. A gathering was held, and the deal was finalised with a promise that the cash could be returned on time.
Nonetheless, Shilpa Shetty and Raj Kundra denied these allegations. Advocate Prashant Patil, representing the couple, mentioned: “My shoppers have been knowledgeable by sure segments of digital and print media that there’s an alleged case registered towards my shoppers on the Financial Offences Wing, Mumbai. On the outset, my shoppers deny all of the allegations towards my shoppers, that are purely civil in nature and have been adjudicated by the NCLT Mumbai on 04/10/2024.”
He added “That is an outdated transaction, whereby the corporate went into monetary misery and ultimately acquired entangled in a protracted authorized battle on the NCLT. There isn’t a criminality concerned and our auditors have submitted all the mandatory supporting paperwork sometimes, as requested by the EOW, together with detailed money circulate statements. The funding settlement in query is only within the nature of an fairness funding.”
