Mumbai: Businessman Raj Kundra, husband of film actress Shilpa Shetty, has been summoned by the Economic Offences Wing (EOW) of Mumbai Police in connection with an alleged Rs 60 crore cheating case, officials confirmed on Tuesday. Kundra has been asked to appear before the EOW on September 15.
The case pertains to accusations of diverting loan funds from businessman Deepak Kothari, director of the Non-Banking Financial Company Lotus Capital Finance Services. A complaint filed against Kundra and Shetty alleges that the couple, directors of Best Deal TV Private Limited, had sought a Rs 75 crore loan in 2015 through an intermediary, Rajesh Arya. Kothari claimed that the funds were diverted for personal use instead of the intended business purposes.
Following the allegations, the EOW issued a Look-Out Circular (LOC) against both Kundra and Shilpa Shetty to prevent them from traveling abroad. However, officials stated that only Kundra has been summoned at this stage to record his statement.
The complaint states that Shetty had provided a personal guarantee for the loan but resigned as a director in 2016. Subsequent checks revealed insolvency proceedings against their company. Investigations into the matter are ongoing.
