• Source:JND
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Businessman Raj Kundra has strongly denied recent media reports claiming that the Bombay High Court ordered him and his wife, actress Shilpa Shetty, to deposit Rs 60 crore before travelling abroad. The reports began circulating earlier today amid an ongoing legal case filed by businessman Deepak Kothari, who has accused the couple of financial misconduct. The case in question was filed by Deepak Kothari, the director of Lotus Capital Financial Services Ltd. He accused Raj Kundra and Shilpa Shetty of financial fraud and mismanagement of funds between 2015 and 2023. 

In an interview with Hindustan Times, Raj Kundra called the reports “completely false” and said that no such order had been passed by the court. “The court has not directed me to deposit any amount, as incorrectly stated. It has merely asked for details about the purpose of my travel along with formal documentation, which will be submitted on the next hearing date, October 14,” he clarified. Kundra went on to express his frustration over the spread of misleading information. He said, “I have had enough of the claimant’s repeated misrepresentations, and action is being taken against the claimant as we speak. Many facts will come to light in the coming days. I urge the media to verify facts before publishing untrue reports.”

 
 
 
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According to Kothari’s complaint, the celebrity couple had allegedly taken money that was meant for expanding their television business, Best Deal TV Pvt Ltd, but instead used the funds for personal expenses. Kothari claimed that in 2015, Raj and Shilpa approached him for a Rs 75 crore loan at 12% annual interest, saying it would help their company grow. Best Deal TV was an online shopping platform that sold lifestyle and home products, and it was promoted heavily at the time. However, Kothari alleged that the couple failed to repay the amount despite multiple reminders and that his repeated attempts to recover the funds went unanswered. He further accused them of diverting the money for personal luxuries instead of business expansion.

ALSO READ: Shilpa Shetty, Raj Kundra Have To Deposit Rs 60 Crore Before Leaving India: Bombay High Court

Meanwhile, in response, the couple’s lawyer, Prashant Patil, dismissed all allegations made by Kothari, calling them baseless and fabricated. Patil said that his clients have always followed the law and that the claims of fraud are an attempt to malign their reputation. Raj Kundra and Shilpa Shetty have been in the spotlight before due to legal controversies, but this time, the businessman insists that the media has blown the situation out of proportion. He stated that the court only requested documents and travel details, not any form of monetary deposit.