Businessman Raj Kundra, husband of actress Shilpa Shetty, was questioned by the Economic Offences Wing (EOW) of the Mumbai Police for nearly five hours in connection with a Rs 60 crore financial fraud case. Officials have said that Kundra may be called again next week for further questioning.
Raj Kundra Grilled For 5 Hrs In Rs 60 Cr Fraud Case
According to sources, Shilpa Shetty may also be summoned soon, but no official notice has been sent to her yet. During the first round of questioning, Kundra admitted that Rs 60 crore was invested in five companies Satyug Gold, Vihaan Industries, Essential Bulk Commodities Pvt Ltd, Best Deal, and Statement Media. Police believe that this money may have been misused or diverted to other parties for personal or unrelated expenses.
The police found around Rs 25 crore in suspicious spending, including Rs 3.15 crore spent on a warehouse, Rs 20 crore on broadcasts, and rent for an office in Matunga. A payment of Rs 4 crore as a celebrity fee from his own company has also raised questions. Investigators are concerned this could be a case of misuse of company funds. Kundra’s dealings with Balaji Telefilms, owned by Ekta Kapoor, also came under the scanner. He has been asked to provide employee details and explain the equity valuation of the complainant’s shares, which was never carried out.
The EOW also asked Kundra to hand over video files from his platform. However, he claimed that the Mumbai Crime Branch had already seized them during an earlier case. The EOW will now work with the Crime Branch to access those files if needed. The investigation is still ongoing, and more developments are expected soon.
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Also Read: Raj Kundra Summoned By EOW In Rs 60 Cr Cheating Case; LOC Issued Against Him And Shilpa Shetty
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