Mumbai businessman Raj Kundra, husband of Bollywood actress Shilpa Shetty, has been summoned by the Economic Offences Wing (EOW) in connection with a ₹60.48 crore cheating case. Initially asked to appear on September 10, Kundra sought an extension and is now scheduled to appear before investigators on September 15. Authorities have also issued a Look Out Circular (LOC) against both Shetty and Kundra to prevent them from leaving the country.

A senior EOW officer confirmed that summons were also issued to the auditor of the National Company Law Tribunal (NCLT) for questioning. Both Shetty and Kundra had earlier been summoned thrice during the preliminary inquiry but cited their stay in London and instead sent their attorney.

However, investigators found the information provided by their representative to be inadequate, leading to the registration of a formal FIR.

The case, filed at Juhu Police Station, is based on a complaint by Deepak Kothari, 60, Director of Lotus Capital Financial Services. Kothari alleged that between 2015 and 2023, he invested ₹60.48 crore in Best Deal TV Pvt. Ltd., a company promoted by Shetty and Kundra, for business expansion.

According to the complaint, the funds were allegedly siphoned off and diverted for the couple’s personal use.

Kothari stated that he was introduced to Raj Kundra by a mutual acquaintance, and at the time, Shetty and Kundra jointly held 87.6% shares in Best Deal TV, an online shopping and retail platform. They allegedly assured him of monthly returns along with repayment of the principal investment. Shilpa Shetty later resigned from the company in 2016.

The complainant later discovered that insolvency proceedings had been initiated against the firm after another investor accused the promoters of fraud.

Following a detailed investigation, the EOW registered a case against Shilpa Shetty, Raj Kundra, and another individual under IPC Sections 403 (dishonest misappropriation of property), 406 (criminal breach of trust), and 34 (common intention).