In a significant development in the ongoing Rs 60 crore fraud case involving Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, the Bombay High Court has raised serious questions over their request to travel abroad.
Bombay HC bans international travel of Shilpa Shetty and Raj Kundra in Rs 60 crore fraud case
The couple had approached the court seeking permission to travel to Colombo and other destinations for business trips. However, the court led by Chief Justice Shri Chandrashekhar and Justice Gautam Ankhad expressed doubts over the nature of the visit. His lawyer, Niranjan Mundargi, was instructed to submit an affidavit detailing the purpose of the trip, including formal communications and evidence supporting the claim that it was indeed for business purposes. The court gave time till October 14 to submit these details.
During the proceedings, when Mundargi reiterated that the trip was for business, Chief Justice Shri Chandrashekhar smilingly remarked, “If you want to travel abroad you can deposit Rs 60 crore first.” The comment underlines the court’s serious approach to the case and its investigation of the couple’s actions.
The Economic Offenses Wing (EOW) of Mumbai Police is investigating the case, alleging that Shetty and Kundra diverted investment funds for personal use. In light of the ongoing investigation, the court has not issued any immediate order regarding the Look Out Circular (LOC) issued against him. The next hearing of the case is to be held on October 14.
The development adds to the growing legal challenges facing the couple, who are under intense scrutiny over their financial dealings. As the investigation progresses, the court’s upcoming decisions will be important in determining future actions.
In a related matter, the Economic Offenses Wing (EOW) of Mumbai Police is investigating a case involving businessman Deepak Kothari. Kothari has accused Shetty and Kundra of embezzling money. Rs 60 crore from his investment for personal use. The EOW has found that Kothari’s money was misappropriated and has registered a case against Shetty, Kundra and an unidentified associate under sections 403 (dishonest misappropriation of property), 406 (criminal breach of trust), and 34 (common intention) of the Indian Penal Code.
Also read: Mumbai Police interrogated Shilpa Shetty for 4.5 hours in Rs 60 crore fraud case: Report
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