Mumbai: Amid reports claiming that the Bombay High Court in connection to a case of fraud against Shipla Shetty’s husband Raj Kundra ordered the couple to first deposit Rs 60 crore if they wish to travel to Los Angeles in the United States or any other destination abroad, the businessman came up with a clarification. Raj Kundra told HT City that the court had not directed him to deposit any amount.
“The court has not directed me to deposit any amount, as incorrectly stated. It has merely sought details regarding the purpose of travel along with the formal correspondence to be submitted on the next hearing date, October 14,” he said, as quoted by Hindustan Times.
“I urge the media to verify facts before publishing misleading information,” he said.
This comes after the couple filed a plea in the HC seeking the quashing of the Look Out Circular (LOC) issued against them. The notice was issued in connection with an FIR over an alleged fraud of ₹60 crore. The HC has adjourned the matter until October 14.
The case is being investigated by the Economic Offences Wing (EOW) of Mumbai Police. It is based on a complaint filed by Deepak Kothari, a 60-year City of Mumbai and director of Lotus Capital Financial Services. Kothari claimed that between 2015 and 2023, Shilpa Shetty and Raj Kundra used the money he had given them to grow their business for their personal expenses, according to reports. Kothari claimed to have later found that insolvency proceedings had begun against the company for allegedly cheating another investor.
