Shilpa Shetty and Raj Kundra Face Lookout Notice Amid ₹60 Crore Fraud Allegations—What Really Happened?
Mumbai Police’s Economic Offences Wing issued a Lookout Circular (LOC) against actress Shilpa Shetty and her businessman husband Raj Kundra on September 5, 2025, amid allegations of a ₹60 crore fraud case linked to their now-defunct company, Best Deal TV Pvt Ltd. The case was initially registered at Juhu police station on August 14, 2025, following a complaint by businessman Deepak Kothari, who accused the couple of cheating him by diverting funds meant for business expansion for personal use. Kothari alleged that between 2015 and 2023, he was persuaded to invest nearly ₹60.48 crore under promises of monthly returns and security, including a personal guarantee from Shetty in 2016, only to find that the funds were misappropriated and the company dissolved shortly after Shetty resigned as director.
Despite these serious accusations, Shilpa Shetty and Raj Kundra collectively command an estimated net worth upwards of ₹250 crore, derived from diverse ventures including luxury real estate, high-end restaurants, digital influencer deals, and wellness brands. Kundra’s ongoing legal troubles—including prior arrests over adult content and Bitcoin-related money laundering investigations—further complicate the narrative. Given their substantial wealth and business ventures generating consistent revenue, questions arise about why such high-profile figures would be involved in alleged illegal activities that risk tarnishing their professional and public reputations.
The couple has denied all allegations, describing the case as baseless and malicious, with their legal team claiming that the disputed transactions were civil in nature and thoroughly documented through audits. It remains essential to approach these developments with caution, recognizing the presumption of innocence until proven guilty and awaiting due legal process. The Lookout Circular, issued just weeks after the case filing, reflects heightened police vigilance, especially considering the couple’s frequent international travels.
As the investigation unfolds, this case casts a spotlight on the delicate balance between celebrity business empires and legal accountability, inviting the public to observe without premature judgment while facts continue to emerge.
