Bollywood actor Shilpa Shetty and her husband, businessman Raj Kundra, have been booked by EOW for allegedly cheating a businessman of over Rs 60 crore. According to ANI, the man named Deepak Kothari alleged that the couple took money in pretext of business investment but used for personal reasons. Now, the couple’s lawyer has responded to the allegations, calling it baseless. 

Shilpa Shetty, Raj Kundra’s lawyer on the fraud allegation

Advocate Prashant Patil released a statement to the press on behalf of Shilpa and Raj that read, “My clients have been informed by certain segment of electronic and print media that there is an alleged case registered against my clients at the Economic offence wing, Mumbai. At the outset , my clients deny all the allegations against my clients which are purely civil in nature and have been adjudicated by the NCLT Mumbai on 04/10/2024.”

He added, “This is an old transaction, wherein the company went in to financial distress and eventually got entangled in a long legal battle at the NCLT. There is no criminality involved and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements. The investment agreement in question is purely in the nature of an equity investment.”