Shilpa Shetty and Raj Kundra face additional charge of cheating in ₹60 crore loan dispute case, he reacts

According to an official, after investigation, section 420 (cheating and dishonestly inducing delivery of property) has been added.

Businessman Raj Kundra and his actor-wife Shilpa Shetty, facing Mumbai police probe in a ₹60-crore criminal breach of trust case, have now been charged with cheating, officials said on Wednesday. Police's Economic Offences Wing (EOW), probing the case, has invoked a cheating charge against the high-profile couple in addition to criminal breach of trust.

Raj Kundra denied allegations against him and Shilpa Shetty and dubbed them baseless.

What are the new charges

According to an official, earlier the case was registered under section 406 of the IPC (punishment for criminal breach of trust) against the celebrity couple, and after investigation, section 420 (cheating and dishonestly inducing delivery of property) has been added. They were booked under the IPC as the case was filed before the Bharatiya Nyaya Sanhita (BNS) came into force on July 1, 2024.

All about the case

On conviction, cheating under the IPC attracts imprisonment for up to seven years plus a fine. The case was registered on a complaint filed by a 60-year-old businessman, Deepak Kothari, a resident of Mumbai's Juhu, alleging he was duped of ₹60.4 crore in a loan-cum-investment deal linked to the now-defunct company Best Deal TV Pvt Ltd (where Raj and Shilpa were directors). The EOW has already recorded statements of Raj and Shilpa in connection with the case.

What did Raj Kundra say to the new charges

Meanwhile, Raj, on his verified X handle, denied allegations against him and his wife, and dubbed them baseless. "We categorically deny the baseless and motivated allegations being circulated. The issues sought to be raised are being given a criminal colour without any lawful basis," he said in a post.

"A quashing petition has already been filed before the Hon'ble High Court and is pending adjudication. Having fully cooperated with the investigation, we are sanguine that justice will prevail and have complete faith in law enforcement authorities and the Indian judiciary. We respectfully urge the media to exercise restraint as the matter is sub-judice." Raj said further.