Businessman and filmmaker Raj Kundra has responded to recent allegations which include him and his wife, actor Shilpa Shetty. To promote his Punjabi film ‘Meher’, in Delhi, Kundra addressed a question in a fraud of Rs 60 crore. He confirmed his faith in his innocence and expressed confidence that the truth would be clear in the appropriate time.

Today, during a special conversation with India, Kundra was asked about a fraud of Rs 60 crore against him and Shilpa Shetty. He accepted the recurring nature of controversies in his public life, but indicated a calm and measured approach. Kundra said that neither he nor his wife had made any public statement so far.

Addressing the allegations with a clear attitude, Kundra said: “Let’s just wait and see because it is life for you, and we have not said anything about it because we know that we have not done anything wrong. The truth will eventually be revealed. We have never done anything wrong in life, and we will never do it.”

The businessman did not discuss any specific details of the case or his background, limiting his comments to confirm his punishment in his innocence.

Lookout notice against Raj Kundra, Shilpa Shetty

Recently, the Mumbai Police issued a lookout circular (LOC) against both in connection with the deception case. Both are accused of removing about 60 crores from the best deal TV for personal use in the loan-cum-investment deal.

Mumbai -based businessman Deepak Kothari accused Shilpa Shetty and Raj Kundra of cheating on them by using those funds for trade expansion between 2015 and 2023. Both had 87.6 percent of the best deal TV shares.

According to Kothari, the pair initially sought a loan of Rs 75 crore at a 12 percent interest, but later persuaded them to root money as ‘investment’ to reduce taxation with monthly returns and principal repayment promises.

Based on his assurance, Kothari has transferred Rs 31.95 crore in April 2025 and an additional Rs 28.53 crore in September 2025. In September 2016, Shilpa Shetty resigned as the director of the firm. A year later, insolvency proceedings were initiated against the company for defaulting.

The Mumbai Police has registered an FIR under sections 403, 406 and 34 of the Indian Nai Code (BNS). The latest complaint is not a first cheating case against him this year. Prithviraj Kothari, Managing Director of Ridhi Siddhi Buliance, accused an investor of cheating an investor in a gold scheme.