Entrepreneur Raj Kundra was grilled for more than five hours by the Economic Offences Wing (EOW) of the Mumbai Police on Monday, September 15, in a ₹60 crore fraud case. The Free Press Journal reports that the interrogation centered around Kundra’s bank statements, business transactions, and misappropriation of funds across various companies.
Interrogation Unveils Investment in Five Companies
While interrogating Kundra, it is said that he confessed that almost ₹60 crore was invested in five companies Satyug Gold, Vihaan Industries, Essential Bulk Commodities Pvt Ltd, Best Deal TV, and Statement Media. The EOW suspects that part of these funds might have been diverted to related parties or used for unlinked purposes.
The investigators also asked Kundra about major financial deals, such as ₹3.15 crore for a warehouse, ₹20 crore for broadcasts, and payments for a Matunga rented office. Another spot of bother was ₹4 crore paid as “salary” to a star. The EOW also wanted Kundra to explain payments made to Ekta Kapoor’s Balaji Telefilms.
Wife Shilpa Shetty Likely to be Questioned
Sources report that Raj Kundra can be called again soon for questioning. His wife, actress Shilpa Shetty, is also set to be interrogated, as she is accused in the complaint filed by Mumbai businessman Deepak Kothari.
Background: What Is the ₹60 Crore Cheating Case?
The case is from August 2025, when the EOW filed a cheating complaint against Raj Kundra, Shilpa Shetty, and an unknown third party. The complainant Deepak Kothari accused him of being cheated out of ₹60.4 crore in a loan-cum-investment agreement with Kundra and Shetty’s defunct firm Best Deal TV Pvt Ltd. Kothari says he was enticed to invest the amount between 2015 and 2023 on the pretext of business growth, but the amount was allegedly spent on personal expenses.
Kundra and Shetty Deny Allegations
The couple has denied any wrongdoing through their lawyer, Prashant Patil. “It is a very old civil case that was decided by the NCLT in October 2024. There is no criminality involved,” said Patil. He further stated that all required documents had been furnished to the authorities, including cash flow statements and proof of financial distress.
Also Read: Raj Kundra Faces EOW: The Shocking Details Unveiled
Terming the complaint “baseless and malicious,” Patil asserted that the couple would take proper legal action against the complainant.
