Mumbai: Businessman Raj Kundra, husband of actress Shilpa Shetty, has broken his silence over the alleged ₹60 crore fraud case, issuing a strong statement in his defense. He said that if a court finds him guilty, he is prepared to face any punishment, but until then, he should be judged strictly on the basis of law and evidence.
In a post shared on the social media platform X (formerly Twitter), Kundra wrote, “Justice delayed is justice denied. I remained silent, respected the system, and endured media trials, speculation, and trolling. Enough is enough. I seek the truth through a fair and final judgment. If the court convicts me, I will accept every punishment.”
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The controversy stems from a complaint filed in August 2025 by Mumbai-based businessman Deepak Kothari, who accused Shilpa Shetty and Raj Kundra of defrauding him of over ₹60 crore. According to the complaint, Kothari met the couple in 2015 through an agent, following which an investment arrangement was proposed.
It is alleged that at the time, both Shetty and Kundra were directors of a company that sought a loan of ₹75 crore, promising an annual return of 12%. Later, citing potential tax complications, the arrangement was allegedly restructured as an investment, with assurances of monthly returns.
Kothari claims that he transferred approximately ₹31.95 crore in April 2015 as the first installment. Between July 2015 and March 2016, an additional ₹28.54 crore was transferred. In total, the investment amounted to ₹60.48 crore, along with ₹3.19 lakh paid as stamp duty. He alleges that neither the promised returns were delivered nor the principal amount was refunded.
The complaint further states that in April 2016, Shilpa Shetty provided a personal guarantee, but resigned from the company’s directorship in September the same year. Subsequently, another case related to non-repayment of a loan by the company surfaced, of which the complainant claims he had no prior knowledge.
Based on the complaint, a case was registered and later handed over to the Economic Offences Wing for detailed investigation. In October, Shetty was questioned for nearly four and a half hours, while Kundra’s statement was also recorded. The probe is ongoing, with investigators closely examining financial transactions and related documents.
Raj Kundra has previously been in the spotlight over other controversies, including a high-profile case in 2021, which led to intense media scrutiny. Since the latest allegations surfaced, both he and Shilpa Shetty have continued to face public criticism and social media backlash.
Experts believe that in high-profile financial cases, media narratives and online reactions often run parallel to legal proceedings, sometimes influencing public perception. However, the final outcome ultimately depends on evidence presented in court.
Kundra’s statement is being seen as a clear assertion of his stance, placing his faith in the judicial process while rejecting what he describes as premature judgment. His remarks indicate that the case may take significant legal turns in the coming months.
For now, investigative agencies remain focused on tracing financial flows, verifying agreements, and analyzing documentary evidence. The final determination of the case will depend on the court’s verdict, which will establish the veracity of the allegations and accountability, if any.
