Bollywood actress Shilpa Shetty was questioned for almost five hours by the Economic Offences Wing (EOW) of the Mumbai Police in connection with an alleged ₹60 crore cheating case involving a city-based businessman.
According to EOW officials, the actress appeared for interrogation on Monday and cooperated with the investigators. So far, the police have recorded statements from five individuals, including Shetty’s husband, Raj Kundra. The nature of their involvement is still under examination.
Look Out Circular Issued Against the Couple
In September 2025, the EOW had reportedly issued a Look Out Circular (LOC) against both Shilpa Shetty and Raj Kundra amid the ongoing probe. The move came after a complaint filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, accusing the celebrity couple of defrauding him of over ₹60 crore.
Business Deal Turned Dispute
As per the complaint, between 2015 and 2023, Shilpa Shetty and Raj Kundra allegedly convinced Kothari to invest in their company, Best Deal TV Pvt Ltd, which promoted lifestyle products through an online shopping platform.
Initially, the couple approached him for a ₹75 crore loan at 12% interest, later suggesting he convert it into an investment with promises of monthly returns. Kothari claimed to have transferred ₹31.95 crore in April 2015 and ₹28.53 crore in September 2015, totaling nearly ₹60 crore, but the funds were never recovered.
He alleged that the duo misused the money for personal expenses instead of expanding their business as promised.
Legal Response from the Couple
Reacting to the allegations, the couple’s lawyer, Prashant Patil, dismissed the charges as “false and baseless.” He said,
“We have full faith in the legal system and will present our truth before the investigating authorities.”
The EOW investigation continues as officials scrutinize financial records and statements to determine the authenticity of the claims.
