Shilpa Shetty Addresses Rs. 60 Crore Fraud Allegations: Here’s Her Response
Bollywood actress Shilpa Shetty has taken to social media to address serious allegations surrounding a Rs. 60.48 crore fraud case linked to her former business, Best Deal TV. As legal scrutiny intensifies, Shetty’s statement comes amid concerns regarding her and her husband Raj Kundra’s travel permissions. The couple faces restrictions due to a Lookout Circular issued by the Mumbai Police’s Economic Offences Wing following a complaint of fund misappropriation.
Shilpa Shetty’s Response to Allegations
In a recent Instagram story, Shilpa Shetty firmly denied the allegations against her and her husband, stating, “We categorically deny the baseless and motivated allegations being circulated.” She emphasized that the claims are being presented in a criminal context without any legal foundation. Shetty mentioned that a Quashing Petition has been filed in the High Court, which is currently under review. She expressed confidence in the judicial system and urged the media to show restraint as the matter is still sub judice.
Legal Proceedings and Travel Restrictions
The Bombay High Court has mandated that Shetty and Kundra either deposit Rs. 60 crore or provide a continuous bank guarantee from a nationalized bank before they can have the Lookout Circular lifted. This order was issued during a hearing regarding their urgent request to travel to London for Kundra’s ailing father. The Lookout Circular was initiated following a complaint from Deepak Kothari, director of UY Industries Pvt Ltd, who accused the couple of misappropriating funds invested in Best Deal TV from 2015 to 2023. Shetty and Kundra have labeled these allegations as malicious and intended for extortion.
Issues Surrounding Bastian Restaurant
In addition to the legal troubles, Shetty’s upscale restaurant chain, Bastian, is also facing challenges. A complaint has been filed against the Bengaluru outlet under Section 103 of the Karnataka Police Act for allegedly hosting a private party that violated local regulations by remaining open beyond the permitted hours. Furthermore, reports indicate that the Mumbai location in Dadar was subjected to an income tax raid, although specific details regarding the operation have not been disclosed. These incidents add to the scrutiny surrounding Shetty’s business ventures during this tumultuous period.
Public and Media Reaction
The unfolding events have drawn significant media attention, with many following the developments closely. Shetty’s public statement and the ongoing legal proceedings have sparked discussions about the implications for her career and business. As the situation evolves, both Shetty and Kundra remain under the spotlight, navigating the complexities of legal challenges while managing their public image. The couple’s commitment to addressing the allegations head-on reflects their determination to clear their names amidst the controversy.
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