October 16th 2025.
Actress Shilpa Shetty, who is involved in a Rs 60 crore fraud case with her husband Raj Kundra, has decided not to travel to Los Angeles as planned. Her lawyer stated that she has also withdrawn her petition from the Bombay High Court seeking relaxation in the Look Out Circular issued against her. The High Court will now hear their plea to quash the LOC on November 17.
During the court hearing, Shilpa's lawyers informed Chief Justice Shree Chandrashekhar and Justice Gautam A. Ankhad that her trip to appear in an event with US influencer Mr. Beast has been cancelled. The case against Shilpa and Raj, who were directors of a now-defunct home shopping and online retail platform, was registered on August 14 for allegedly cheating businessman Deepak Kothari of nearly Rs 60 crore in a loan-cum-investment deal.
On Thursday, Kothari's lawyers alleged that Shilpa had committed perjury and claimed that her affidavit seeking permission to travel abroad had many flaws, including the absence of her signature on one of the pages. They also accused the actress of forgery during the preparation of the affidavit and its notarization process. The court has granted Kothari's lawyers the liberty to pursue the matter and take action against Shilpa for her alleged wrongdoings in connection with the affidavit.
Shilpa and Raj had filed a petition in the High Court last month seeking the suspension of the LOC issued against them by the police in the fraud case. They wanted to travel for their professional commitments and leisure trips abroad. However, the court rejected their plea, stating that they cannot permit leisure trips when the duo is accused in a cheating and fraud case. The couple had requested the suspension of the LOC from October 2025 to January 2026.
During police questioning on October 10, Raj Kundra claimed that his business had suffered financial losses due to demonetisation. He told the Economic Offences Wing of the Mumbai Police that his company, which dealt in electrical and household appliances, faced significant losses after demonetisation. This led to a financial crisis, and the company was unable to repay the borrowed funds. This was the second time Raj's statement was recorded in the matter, and officials have stated that he will be summoned again in the coming weeks.
The EOW also questioned Shilpa for four-and-a-half hours in connection with the case. According to businessman Kothari, the Rs 60 crore given to Shilpa and Raj between 2015 and 2023 for business expansion was actually spent on personal expenses. The couple will now have to face the legal proceedings and prove their innocence in the case. This is the latest update in the ongoing saga between Shilpa Shetty, Raj Kundra, and Deepak Kothari, which has been making headlines in the media.
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