In a significant legal development, the Bombay High Court has denied Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, permission to travel abroad unless they first deposit ₹60 crore. This directive is linked to an ongoing fraud investigation in which the couple is accused of misappropriating funds.
The case stems from a complaint filed by Deepak Kothari, a Mumbai-based businessman, who alleges that between 2015 and 2023, Shetty and Kundra diverted ₹60 crore intended for business purposes to personal expenses. The funds were reportedly invested in their company, Best Deal TV Pvt Ltd, under the pretext of a loan-cum-investment arrangement. However, Kothari claims the money was misused, leading to insolvency proceedings against the company.
In response to the allegations, the Economic Offences Wing (EOW) of the Mumbai Police issued a Look Out Circular (LOC) against the couple, restricting their ability to travel abroad. Shetty and Kundra filed a plea in the High Court seeking the quashing of the LOC and permission to travel for professional commitments. Their lawyer argued that Shetty needed to attend a YouTube event in Colombo and other international engagements.
However, the High Court refused to grant interim relief and insisted that the couple deposit ₹60 crore before considering their travel request. The court emphasized the seriousness of the allegations and the need to ensure compliance with legal proceedings. The matter has been adjourned until October 14, 2025, for further hearing.
The couple has denied the allegations, with their legal team stating they will present their side of the story to the investigating agencies. The case continues to attract significant media attention, highlighting the intersection of celebrity and legal affairs