Shilpa Shetty and Raj Kundra have issued a firm denial of the allegations in the reported Rs 60 crore fraud case, calling the claims "baseless and motivated" while saying the matter is already before the High Court.[5] Hook — A celebrity couple, a headline-grabbing Rs 60 crore allegation, and the couple's first public reaction: here's what happened, what they said, and why this story matters beyond the tabloids.[5] What the reports say - The Economic Offences Wing (EOW) of the Mumbai Police has been investigating an alleged fraud in which businessman Deepak Kothari claims he was induced to invest about Rs 60 crore in Best Deal TV Private Limited, the complaint that triggered the probe.[5][2] - Media coverage says the EOW added a charge of cheating under Section 420 of the Indian Penal Code in the ongoing matter, potentially widening the scope of the inquiry.[1][4] - The couple reportedly faced restrictions such as a Look Out Circular (LOC) and a Bombay High Court direction tied to depositing Rs 60 crore or providing an equivalent bank guarantee as part of litigation over travel restrictions.[5][4] What Shilpa Shetty and Raj Kundra said - Raj Kundra and Shilpa Shetty released statements on social media and through their representatives denying the allegations and describing them as "baseless and motivated."[5][3] - They say they have cooperated with authorities and that a Quashing Petition is pending before the High Court, asking the court to adjudicate the matter.[5][3] Why this matters - Legal implications: The addition of a cheating charge (IPC Section 420) can broaden investigative and prosecutorial options and could bring related laws such as the Prevention of Money Laundering Act into play if authorities pursue tracing and attachment of assets.[1][2] - Public trust and reputation: High-profile financial allegations can affect public perception and business relationships for celebrities and their ventures even before court outcomes are reached.[5] - Media and legal process: The couple has urged restraint from the media given the matter is sub judice, highlighting the tension between public interest reporting and ongoing legal proceedings.[3][5] Context and timeline (key points) - Complaint filed by Deepak Kothari alleging diversion of funds between 2015–2023 in relation to Best Deal TV Private Limited.[2][3] - FIR registered and investigation by EOW; subsequent media reports about added cheating charge and LOC restrictions.[1][5] - Couple's public denial and legal step of filing a Quashing Petition in the High Court; they state they have cooperated with investigators.[5][3] A balanced read: what to keep in mind - Allegations vs. adjudication: News reports summarize claims and police action, but denial plus pending court petitions mean the legal conclusion is still to come; media accounts reflect the complaint and police moves, not a court verdict yet.[2][5] - Sources vary: Multiple news outlets report similar core facts (complaint, FIR, added Section 420, couple's denial), which gives consistency to the timeline while specific legal details may evolve as filings and hearings proceed.[1][4][6] Embed image (free, relevant) — include in your blog HTML Use the following HTML to embed a free relevant image (example from Unsplash) that complements the post visually:
Call to action Share your thoughts: Do you think public figures should have different media scrutiny in financial allegations, or should the coverage be the same as for any accused individual? Comment below and share this post with others to keep the conversation going.Citations
1.https://www.movietalkies.com/news/cheating-charge-shilpa-shetty-raj-kundra-60-crore-fraud-case-10917106
2.https://www.ndtv.com/india-news/shilpa-shetty-raj-kundra-charged-with-cheating-in-rs-60-crore-fraud-case-9829872
3.https://www.freepressjournal.in/entertainment/we-deny-baseless-motivated-allegations-shilpa-shetty-raj-kundra-react-to-reports-of-being-charged-with-cheating-in-60-crore-fraud-case
4.https://www.moneycontrol.com/entertainment/bollywood/more-trouble-for-shilpa-shetty-raj-kundra-as-section-420-added-in-rs-60-crore-fraud-case-article-13729176.html
5.https://timesofindia.indiatimes.com/entertainment/hindi/bollywood/news/shilpa-shetty-and-husband-raj-kundra-break-silence-amid-rs-60-crore-fraud-case-we-categorically-deny-the-baseless-allegations/articleshow/126034279.cms
6.https://www.indiatoday.in/amp/india/video/double-trouble-for-shilpa-shetty-bengaluru-police-book-bastian-pub-mumbai-cops-add-fraud-charges-ytvd-2837142-2025-12-17
7.https://www.timesnownews.com/entertainment-news/bollywood/shilpa-shettys-husband-raj-kundra-denies-baseless-allegations-amid-rs-60-crore-fraud-case-read-statement-article-153305087
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