Mumbai: Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, are facing fresh legal trouble after the Economic Offences Wing (EOW) of Mumbai Police booked them for allegedly cheating a city-based businessman of over ₹60 crore under the guise of a business investment. In connection with the case, the EOW has issued a Look Out Circular (LOC) against the couple.

The FIR, registered at Juhu Police Station, stems from a complaint by Deepak Kothari, 60, director of Lotus Capital Financial Services. Kothari alleged that between 2015 and 2023, he transferred ₹60.48 crore to Shetty and Kundra’s company, Best Deal TV Pvt. Ltd., purportedly for business expansion. However, the funds were allegedly siphoned off and diverted for the couple’s personal expenses.

Police sources stated that Kothari was introduced to Raj Kundra through a mutual acquaintance. At the time, Kundra and Shetty jointly held 87.6% shares in Best Deal TV, an online shopping and retail platform. The couple allegedly promised him a monthly return along with repayment of the principal investment.

Kothari also mentioned that Shetty resigned from the company in 2016, and he later discovered that insolvency proceedings had been initiated against the firm after it was accused of cheating another investor.

Following a preliminary inquiry, the EOW registered a case against Shilpa Shetty, Raj Kundra, and another individual under IPC Sections 403 (dishonest misappropriation of property), 406 (criminal breach of trust), and 34 (common intention).