Raj Kundra fraud case: Shilpa Shetty slams money transfer rumors

MUMBAI: Bollywood actress Shilpa Shetty’s legal counsel, Prashant Patel, on Friday strongly denied allegations claiming that $1.8 million were transferred from Raj Kundra to a company linked to Shetty. He labelled the reports as baseless and part of a deliberate attempt to malign her reputation.

Patel said that Shilpa Shetty has never received such an amount and confirmed that legal action would be initiated against those responsible for spreading the misinformation.

The controversy emerged following media reports alleging that Raj Kundra had transferred $1.8 million out of a total $7.2 million to a company associated with Shetty. The matter is currently under investigation.

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According to India’s Economic Offences Wing (EOW), Kundra revealed during the probe that a portion of the $7.2 million was disbursed as professional fees to actors Bipasha Basu, Neha Dhupia, and film producer Ekta Kapoor.

The EOW is presently investigating the $7.2 million fraud case involving Raj Kundra, Shilpa Shetty, and others, who are accused of defrauding individuals under the pretext of offering loans and investment opportunities.

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Raj Kundra was questioned on September 15 as part of the ongoing investigation, which has now expanded to include various financial transactions and bank dealings.