Raj Kundra finally reacts to Rs 60 crore fraud case, "We never..."

The spotlight has turned once again toward businessman Raj Kundra and actor Shilpa Shetty after their names surfaced in another financial dispute. While promoting his new Punjabi project in Delhi, Kundra briefly touched upon the matter, choosing to maintain restraint rather than delve into specifics. He said they have full faith that time will settle questions being raised around them.

Kundra’s comments mark his first public response since reports of a large-scale cheating case emerged, but he stayed away from disclosing details, reiterating only his confidence in their position.

Kundra Breaks Silence Amid Fresh Complaint

Speaking at an interaction during the promotions of his film Mehar, Kundra acknowledged that controversies have been a recurring aspect of his public life. Instead of mounting an aggressive defence, he noted that neither he nor Shetty have made detailed statements yet because they see no wrongdoing on their part. He expressed belief that clarity will arrive with time.

He avoided expanding on the ongoing case, confining his words to a clear stand that they had nothing to hide. His tone suggested patience and reliance on the legal process rather than engaging in a media trial.

What the Complaint Alleges

The current case revolves around Best Deal TV, a venture in which Kundra and Shetty once held a majority stake. Mumbai-based businessman Deepak Kothari has alleged that money promised for the growth of the company was instead redirected. He claims that funds transferred over two instalments between 2015 and 2016 were not utilised as assured.

According to Kothari, what began as a loan discussion later shifted to an investment arrangement, with promises of returns and eventual repayment. When the company defaulted, matters escalated, leading to insolvency proceedings. Shetty stepped down from her director’s position in 2016, but the financial dispute continued to brew.

Police Action and Legal Standing

Mumbai Police have already taken action by issuing a lookout circular against both Kundra and Shetty. An FIR has been filed under relevant sections of the Bharatiya Nyay Sanhita concerning misappropriation and breach of trust.

While the investigation progresses, Kundra’s public stance remains consistent: no elaborate comments, no counter-allegations, only an assurance of innocence. His guarded approach signals a calculated decision to let the law take its course.

A Pattern of Disputes

This isn’t the first time the couple’s business dealings have attracted attention from law enforcement. Earlier this year, another high-profile complaint was filed by Prithviraj Kothari, head of Riddhi Siddhi Bullions, who claimed he was deceived in a separate gold-linked investment plan involving the duo.

Taken together, these back-to-back allegations have fueled debates on whether Kundra’s ventures have repeatedly faced operational and financial shortcomings or whether his business rivals are exploiting his celebrity association.

Shilpa Shetty's Position

Shetty’s resignation from Best Deal TV almost a decade ago distances her, on paper, from the events that followed. However, her name continues to surface in complaints, largely because of her shareholding and role at the time the funds were routed.

So far, she has not issued any independent statement. Her silence mirrors Kundra’s stance, choosing quietness over commentary, possibly to prevent public remarks from interfering with legal procedures.

The Road Ahead

With an FIR registered and the matter under police scrutiny, the next few weeks will be crucial. If evidence aligns with the complainant’s version, it could lead to extended legal challenges for the couple. On the other hand, if Kundra’s faith in the truth “coming out” holds ground, the allegations may eventually collapse.

For now, Kundra continues with his professional work while simultaneously facing the burden of scrutiny. The balance between defending his reputation and pursuing his creative projects will define his immediate future.

Larger Implications

The case once again raises questions about celebrity-driven businesses and the perception they create among investors. The visibility of well-known personalities often instills trust, but when ventures collapse, the fallout is magnified. Investors, regulators, and even fans watch closely, blurring the line between stardom and accountability.

For Raj Kundra and Shilpa Shetty, the allegations are not only a legal matter but also a public relations battle. Their words and silences alike are dissected, and how they navigate this latest controversy may shape their standing in both cinema and commerce.