Shilpa Shetty, Raj Kundra Booked Under Cheating Charges In ₹60 Crore Case

Actor Shilpa Shetty has firmly dismissed reports suggesting that an Income-Tax raid was carried out at her Mumbai residence, clarifying that no such action took place. The clarification comes amid heightened attention around a ₹60 crore cheating case involving her and husband Raj Kundra.

In an official statement issued on Thursday, Shilpa Shetty’s lawyer, Advocate Prashant Patil, said that what was being described as a raid was, in reality, a routine follow-up by tax authorities. He stressed that there was no coercive or search-related action at the actor’s home.

“On behalf of my client, Mrs. Shilpa Shetty Kundra, I can confirm that there is no Income-Tax ‘raid’ of whatsoever nature against my client. There is only a routine verification by the Income-Tax officials pertaining to follow-up with my client, Mrs. Shilpa Shetty Kundra,” Patil said in a statement.

No connection with other probes

The lawyer also cautioned against linking the tax verification to any other investigation, especially those handled by the Economic Offence Wing (EOW) of the Mumbai Police.

“Whomsoever has mischievously claimed in the public domain that these developments have anything to do with the alleged Economic Offence Wing case shall face legal consequences before the appropriate court of law. At the cost of repetition, my client, Mrs. Shilpa Shetty Kundra, states that there is no Income-Tax ‘raid’ at her place,” he added.

Shilpa Shetty denies EOW allegations

Earlier, Shilpa Shetty had also rejected claims related to the ₹60 crore fraud and cheating case, terming them “baseless and motivated allegations”. The Mumbai Police’s Economic Offences Wing has reportedly invoked Section 420 of the Indian Penal Code against the couple.

The actor addressed the issue through an Instagram Story, posting a detailed statement to counter the allegations. She wrote,

“We categorically deny the baseless.and motivated allegations being circulated. The issues sought to be raised are being given a criminal colour without any lawful basis. A Quashing Petition has already been filed before the High Court and is pending adjudication. Having fully cooperated with the investigation, we are sanguine that justice will prevail and have complete faith in the law enforcement authorities and the judicial system of our country. We respectfully urge the media to exercise restraint as the matter is subjudice”.

What is the ₹60 crore cheating case about

The ₹60 crore fraud case was registered by the Mumbai Police Economic Offences Wing following a complaint filed by Mumbai-based businessman Deepak Kothari. According to the complaint, Kothari invested nearly ₹60 crore between 2015 and 2023 in Best Deal TV Pvt. Ltd., a company linked to Shilpa Shetty and Raj Kundra, after being assured returns and repayment.

As per the FIR, the funds were allegedly diverted and were not returned despite repeated requests, leading to cheating charges. The couple, however, has maintained that there was no criminal intent and that the matter is a civil dispute arising from business losses and insolvency proceedings.

During related hearings, the Bombay High Court issued certain directions regarding travel, while clarifying that the investigation remains ongoing. As of now, no conviction has been recorded.