Lookout Notice for Raj Kundra and Shilpa Shetty: Former Rajasthan Royals co -owner Raj Kundra and Bollywood actress Shilpa Shetty are once again in controversies. The Mumbai Police has issued a lookout circular against both of them in a fraud of Rs 60 crore. The case is to taking large amounts of money from a businessman in the name of investment and flying it in private expenses.

Allegations were made in the name of investment

According to NDTV report, businessman Deepak Kothari has alleged that Shilpa and Raj (Raj Kundra) took Rs 60 crore for their company Best Deal TV Private Limited. Initially it was described as a loan, but later it was shown as investment in the name of saving tax. Kothari says that he was also promised to pay 12 per cent annual interest.

Shilpa Shetty guaranteed

Deepak Kothari claimed that Shilpa Shetty had guaranteed the amount in writing, but later resigned as the director of the company. According to Kothari, later he also came to know that there was already a case of bankruptcy of Rs 1.28 crore against the company.

However, Shilpa and Raj Kundra have dismissed all these allegations, saying that it is just an attempt to discredit them. Meanwhile, the Economic Offenses Branch (EOW) has started searching for both travel records and the company’s auditor has also been summoned for questioning.

Raj Kundra’s name is to Rajasthan Royals

Raj Kundra has an old relationship with cricket. In 2009, he invested in the IPL franchise Rajasthan Royals with Shilpa Shetty, making him the co-owner of the team. But after the 2013 spot-fixing dispute, the BCCI imposed a life ban on him in 2015. At that time Kundra denied any kind of involvement.