‘My name continues to be…’

In a major development, Income Tax officials reportedly conducted a raid on Bollywood actress Shilpa Shetty’s house in Mumbai in connection with a Rs 60 crore scam-related case involving Bastian pub. However, the actor denied the allegations and his lawyer stated that no such action took place and the developments were misreported.

Shilpa Shetty denies IT raid on her Mumbai home

Advocate Prashant Patil said, “On behalf of my client, Ms. Shilpa Shetty Kundra, I can confirm that there is no Income Tax “Raid” against my client. A routine verification is being carried out by the income tax authorities regarding the pursuit of my client, Ms. Shilpa Shetty Kundra. Anyone who mischievously claims in public that these developments have anything to do with the alleged Economic Offenses Wing case will face legal consequences before the concerned court. My client, Ms. Shilpa Shetty Kundra. “At the risk of repeating the law, it states that there is no income tax ‘RAK’ in its place,” Shetty Kundra said.

Shilpa Shetty breaks silence on Rs 60 crore fraud allegation

Also, Shilpa Shetty broke her silence amid the ongoing investigation into the alleged fraud of 60 crore rupees. The actor said that his name was unfairly mentioned in this matter and argued that his role in the relevant company was limited and out of action. In a statement released by his team, Shetty said he was “deeply saddened” by what he described as a “baseless attempt” to link him to the case. The actor also clarified that his involvement with the company is strictly in a non-executive capacity and that he has no involvement in the day-to-day running, finances or decision-making processes of the company. I deeply regret the unfounded attempt to associate my name with this matter. My relationship with the company was in a strictly non-executive capacity and had no role in the company’s operations, finances, decision-making or any signing authority. In fact, like many other public figures, I have endorsed certain products for home shopping. The statement stated that the payments due to me had been transferred to a professional channel where they had not yet been paid.

Shetty also stated that his family had lent a significant amount of money to the company, a loan of around Rs 20 billion was given and this amount remained “unpaid” and said, “I would like to put on record that as a family, a loan of almost Rs 20 billion was given to the company and the said amount was not paid. The mischievous attempt to impose criminal liability on me, especially after an unexplained delay of nearly nine years, is legally unsustainable and against established principles.” “Law,” he said.

The statement also said, “Despite these facts, it is both regrettable and unfair that my name continues to be unnecessarily dragged into litigation. Such unwarranted allegations not only distort the facts, but also lead to the unfair trampling of a woman’s honour, integrity and reputation in the public arena.” Urging the media to report responsibly and verify facts before publishing, Shetty said, “I respectfully request the media to take note of these facts and report responsibly by verifying the accuracy of the facts.”

For those who don’t know, a case was filed in August against Shilpa Shetty, her husband Raj Kundra and another person for allegedly cheating a businessman of more than Rs 60 million. The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, alleges that the incidents occurred between 2015 and 2023. Kothari claimed that the couple took the money on the pretext of expanding their business but instead used it for personal expenses.

(With input from institutions)