Shilpa Shetty Denies Income Tax Raid Amid Rs 60 Crore Fraud Case
Shilpa Shetty recently found herself at the centre of fresh controversy after reports claimed that the Income Tax department had conducted a raid at her Mumbai residence.
Shilpa Shetty Denies Income Tax Raid Amid Rs 60 Crore Fraud Case
These reports quickly linked the alleged raid to an ongoing Rs 60 crore fraud case involving her and her husband, businessman Raj Kundra. However, Shilpa Shetty and her legal team have strongly denied these claims, calling the reports misleading and incorrect.
According to her lawyer, there was no Income Tax raid at all. What took place was a routine tax verification that had nothing to do with the Economic Offences Wing investigation currently underway.
(Also Read: Raj Kundra Denies Ties To Bangladeshi Adult Film Star Riya Barde; Says Baseless Claims)
Advocate Prashant Patil, speaking on her behalf, stated –
“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 a routine verification by the income tax officials pertaining to follow up with my client Mrs Shilpa Shetty Kundra.
Whomsoever has mischievously claimed in 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.”
What Is the Rs 60 Crore Fraud Case?
Shilpa Shetty and her husband Raj Kundra are facing allegations of cheating in a Rs 60 crore investment deal.
The Mumbai Police’s Economic Offences Wing has charged the couple following a complaint by Mumbai-based businessman Deepak Kothari, who claimed he invested Rs 60 crore between 2015 and 2023 in Best Deal TV Pvt. Ltd., a company linked to them.
According to the complaint, the investment was made after assurances of returns and repayment, but despite repeated requests, the money was allegedly diverted and never returned, prompting him to approach the police.
Shilpa Shetty Responds to the Allegations
Shilpa Shetty has also issued a detailed statement distancing herself from the case and clarifying her role in the company. She said –
“I am deeply saddened by the baseless attempt to link my name to this matter. My association with the company was strictly in a non-executive capacity, with no role in its operations, finances, decision making or any signing authority. In fact like several other public figures I had endorsed certain products for the home shopping channel, in a professional capacity, for which payments due to me remain outstanding.
I want to put it on record that almost 20 Cr rupees has been loaned to the company by us as a family and the said amount remains unpaid. The mischievous attempt to impute criminal liability on me, particularly after an unexplained delay of nearly nine years is legally unsustainable and contrary to settled principles of law.
Despite these facts, my name continues to be unnecessarily dragged into the proceedings, which is both distressing and unjustified. Such unwarranted allegations not only misrepresent facts but also result in a woman’s dignity, integrity, and reputation being unfairly trampled upon in the public domain.
As quoted in the Bhagavad Gita, “Failing to oppose injustice when it is your duty,is itself Adharma.” With a quashing petition already filed before the Honourable Bombay High Court, I have complete faith in the judicial process and will be seeking appropriate legal remedies to protect my rights and reputation. I respectfully request the media to take note of these facts and report responsibly by verifying the truthfulness of facts.”