IT Raids At Shilpa Shetty's Mumbai Home Amid 60cr Cheating Case Allegations

Income Tax officials have searched actor Shilpa Shetty’s Mumbai home as part of a ₹60 crore fraud probe linked to a now-shut television shopping venture. The action followed a police complaint that accused Shilpa and spouse Raj Kundra of diverting large investment funds for personal use over several years.

The Mumbai Police Economic Offences Wing registered an FIR on 14 August against Shilpa and Raj, who were directors of Best Deal TV Private Limited. Businessman Deepak Kothari alleged the couple cheated in a loan-cum-investment arrangement, claiming almost ₹60 crore given between 2015 and 2023 was not repaid.

Shilpa Shetty fraud case: details of investment and alleged cheating

According to the complaint, Kothari stated the money was meant to support Best Deal TV Private Limited, a home shopping and online retail company. The businessman alleged the funds were instead used for the couple’s personal benefit. The company has since closed, and investigators are reviewing financial trails related to the transactions.

During questioning in the fraud case, Raj told authorities that part of the ₹60 crore went towards fees for actors Bipasha Basu and Neha Dhupia. Raj also said Best Deal TV Private Limited dealt in electrical and household appliances and ran into heavy losses after demonetisation took effect in 2016, causing serious financial strain.

Shilpa Shetty fraud case: financial strain and tax checks

Raj has claimed the business collapse and financial crisis meant the company could not return the borrowed funds to Kothari. While the criminal investigation continues in Mumbai, the Income Tax Department separately carried out a search at Bastian Pub in Bengaluru, which is owned by Shilpa, checking financial records for suspected tax evasion.

Officials examined accounts at the Bengaluru outlet near Church Street, looking at revenue entries and related documents. These checks are part of a parallel tax inquiry, separate from the Economic Offences Wing case. So far, authorities have not announced any final findings from either the alleged fraud probe or the suspected tax violations.

Key known figures and dates in the Shilpa Shetty fraud case and related actions are listed below.

Detail	Information
Complainant	Deepak Kothari
Accused	Shilpa Shetty and Raj Kundra
Alleged fraud amount	Nearly ₹60 crore
Period of alleged deal	2015 to 2023
FIR registration date	14 August
Company involved	Best Deal TV Private Limited
Other locations searched	Shilpa-owned Bastian Pub, Bengaluru

Shilpa has publicly rejected all accusations in the ₹60 crore fraud case. A statement posted on social media firmly denied any wrongdoing and confirmed that a petition seeking to quash the case has been filed before the High Court, where it remains under consideration alongside ongoing investigations.