Raj Kundra has reacted to Rs 60 crore cheating allegations. Recently, the businessman-actor was speaking to India Today when he claimed that he has not done anything wrong. Raj also hoped for the truth to come out soon.
“Let’s just wait and watch because that’s life for you, and we have not said anything about it because we know we haven’t done anything wrong. The truth will come out eventually. We’ve never done anything wrong in life, and we never will,” he said.
What Is Raj Kundra Rs 60 Crore Cheating Case?
In August 2025, Raj Kundra and his wife, Shilpa Shetty, were booked by the Economic Offences Wing (EOW) for allegedly cheating a Mumbai-based businessman of Rs 60.4 crore in connection with a loan-cum-investment deal. Another unknown person was also charged in connection with the incident.
The complainant, Deepak Kothari, has alleged that the couple defrauded him of over Rs 60 crore, which involved Shetty and Kundra’s now-defunct company, Best Deal TV Pvt Ltd. According to Kothari, he invested the amount between 2015 and 2023 under the pretext of expanding a business, but the money was allegedly misused for personal expenses. EOW is now investigating the case.
Shilpa Shetty, Raj Kundra Call Allegations ‘Baseless’
Previously too, Shilpa Shetty and Raj Kundra’s lawyer denied the allegations, saying they were purely civil in nature and had been adjudicated by the NCLT Mumbai on October 4, 2024. “This is an old transaction, wherein the company went into financial distress and eventually got entangled in a long legal battle at the NCLT. There is no criminality involved, and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements,” said advocate Prashant Patil.
“The investment agreement in question is purely in the nature of an equity investment. The company has already received a liquidation order, which has also been placed before the police department. The concerned Charter accounts have visited the police station for the last one year for more than 15 times with all the evidence supporting the claims of my clients,” the lawyer added.
Patil called the case “baseless and malicious”, which was aimed at maligning Kundra and Shetty. He also said appropriate action is being initiated from their side against the perpetrators.
