Bombay High Court refused to let Shilpa travel abroad for work, saying her request would only be considered if she and Raj Kundra first deposit ₹60 crore as security. The court also noted that a Look Out Circular is in place, preventing them from leaving India because of the seriousness of the charges.
Shilpa Shetty and her husband Raj Kundra are facing a ₹60 crore fraud case being investigated by Mumbai Police’s Economic Offences Wing (EOW). Businessman Deepak Kothari has accused them of misusing money he invested in their company, Best Deal TV Pvt Ltd, for personal use between 2015 and 2023.
Details of the Fraud Allegation
Deepak Kothari claims that Shilpa Shetty and Raj Kundra persuaded him to invest ₹60 crore in their company, Best Deal TV Pvt Ltd, saying it would help grow the business. However, he alleges that the money was instead used for their personal expenses.
The alleged fraud reportedly happened between 2015 and 2023.
Both Shilpa Shetty and Raj Kundra have been questioned by the Economic Offences Wing (EOW). Shilpa has given her statement and submitted documents for verification.
Court Proceedings and Travel Restriction
The Bombay High Court has said that Shilpa Shetty and Raj Kundra cannot travel outside India unless they deposit the disputed ₹60 crore.
Their requests to travel to places like Colombo and Los Angeles have been denied, and a Look Out Circular is still active against them.
The next court hearing in the case is set for October 14, 2025.
Current Status
Shilpa Shetty has denied any role in the alleged misuse of funds, saying she was only a celebrity endorser for the company and had no part in its financial decisions.
The investigation is still ongoing, but so far, neither Shilpa Shetty nor Raj Kundra has been arrested, likely because they have been cooperating with the authorities.