In a strong rebuttal to recent reports, businessman Raj Kundra, husband of Bollywood actress Shilpa Shetty, has publicly denied all allegations connected to a high-profile Rs 60 crore fraud case. Kundra took to social media to dismiss the claims as "baseless and motivated," emphasizing that the matter is already under the scrutiny of the High Court.
Firm Denial and Legal Stand
Raj Kundra's statement comes in response to reports indicating that the Mumbai Police have registered an FIR against him and Shilpa Shetty. The FIR reportedly includes Section 420 of the Indian Penal Code, which pertains to cheating. In his detailed response, Kundra made it unequivocally clear that the couple completely rejects the allegations circulating against them.
He argued that the issues are being unfairly painted with a criminal brush without any lawful foundation. "We categorically deny the baseless and motivated allegations being circulated," the statement read. It further revealed that a Quashing Petition has already been filed before the Hon'ble High Court and is currently pending adjudication, a fact Kundra stressed to establish the legal context of the dispute.
Cooperation with Authorities and Judicial Faith
Raj Kundra highlighted that he and Shilpa Shetty have extended full cooperation to the investigating authorities. Expressing confidence in the judicial system, he stated, "Having fully cooperated with the investigation, we are sanguine that justice will prevail and have complete faith in the law enforcement authorities and the Indian judiciary."
He also appealed to the media for restraint, noting that the matter is sub judice, meaning it is actively being considered by the court. Actress Shilpa Shetty echoed this position by sharing the identical statement on her Instagram story, presenting a united front.
Details of the Rs 60 Crore Case
The case originates from a complaint filed by businessman Deepak Kothari, director of Lotus Capital Financial Services. The Economic Offences Wing (EOW) of the Mumbai Police is investigating the couple for alleged fraud and cheating involving a sum of Rs 60 crore.
The core accusation is that the funds were raised from investors under the pretext of expanding their business ventures but were allegedly diverted for personal use. The EOW is currently probing the intricate money trail associated with these transactions. Throughout the investigation, Kundra and Shetty have maintained their innocence and denied any wrongdoing.
As part of the probe, authorities issued a Look Out Circular (LOC) against the couple to prevent them from leaving the country. Challenging this restriction, they approached the Bombay High Court. In a significant interim order, the court directed them to deposit Rs 60 crore or provide a bank guarantee of the equivalent amount as a condition for the potential suspension of the LOC, linking the financial safeguard directly to the alleged sum in the case.
The situation remains fluid as the High Court examines the petitions and the EOW continues its investigation. Both Raj Kundra and Shilpa Shetty continue to assert their cooperation and await a judicial resolution to the claims they firmly label as unfounded.
