Mumbai Police issued a lookout circular against Bollywood actress Shilpa Shetty and her husband Raj Kundra on Friday.
According to the officials, the notice was issued by the Economic Offences Wing in connection with a Rs 60 crore cheating case.
It has been informed that a case has been registered against the duo at Juhu police station on August 14 for allegedly duping a businessman of nearly Rs 60 crore in a loan-cum-investment deal.
A Lookout Circular is issued against an individual to prevent a person from leaving the country or to track their movements, typically by issuing an alert to immigration and border control points.
Amidst the controversy, Shilpa Shetty, in a post on her social media account, updated her followers about the closure of her restaurant Bastian Bandra. She mentioned that the upscale eatery spot was moving to Juhu as Bastian Beach Club.
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According to NDTV, businessman Deepak Kothari alleged that between 2015 and 2023, the couple had borrowed Rs 60 crore from him under the pretext of expanding their business, but spent it on personal expenses. Allegedly, the duo had taken the money as a loan but later showed it as an investment, citing tax savings. Kothari stated that he was assured the money would be returned within a certain timeframe, along with 12% annual interest, and that Ms. Shetty had provided him with a written personal guarantee in April 2016. But within a few months, she resigned as director of the firm.