Shilpa Shetty, Raj Kundra Told to Deposit ₹60 Crore by Bombay High Court Before Foreign Travel Amid Ongoing Fraud Probe
Troubles continue to mount for Bollywood actress Shilpa Shetty and her husband Raj Kundra, as the Bombay High Court has directed the couple to deposit a sum of ₹60 crore if they wish to travel abroad, particularly to Los Angeles, for personal and business reasons.
This direction from the court came during the hearing of a plea filed by the couple, seeking cancellation of a Lookout Circular (LOC) issued against them in connection with a ₹60 crore fraud case. The court has made it clear that foreign travel will not be permitted unless the amount in question is secured.
Next Hearing Scheduled for October 14
The court has scheduled the next hearing for October 14, 2025, and has stressed the seriousness of the matter as the Mumbai Police Economic Offences Wing (EOW) continues its probe. According to sources, the couple’s request for travel permission was met with strong resistance from the prosecution, leading the bench to impose the financial deposit condition.
The alleged fraud case came to light in August 2025 when Deepak Kothari, a businessman and director of Lotus Capital Financial Services Limited, filed a complaint accusing the celebrity couple of cheating him out of over ₹60 crore. The complaint details incidents that occurred between 2015 and 2023.
As per Kothari’s statement, Shilpa Shetty and Raj Kundra approached him in 2015, seeking a loan of ₹75 crore for their venture, Best Deal TV Private Limited, a company involved in promoting lifestyle products through an online shopping platform.
From Loan to Alleged Investment Fraud
Initially, the deal was structured as a loan with 12% interest, but Kothari claims the couple later persuaded him to convert the loan into an investment, promising regular returns and eventual repayment of the principal amount. Kothari alleges he transferred ₹31.95 crore in April 2015 and ₹28.53 crore in September 2015, but now contends that the money was diverted for the couple’s personal use instead of business purposes.
In September 2025, the EOW issued a Lookout Circular (LOC) against both Shilpa Shetty and Raj Kundra, effectively barring them from leaving the country without prior court approval. The circular remains in effect as the investigation unfolds.
Just last week, Shilpa Shetty was questioned for over four hours by EOW officials. While specific details of her involvement have not been made public, officials have confirmed that her statements are part of the larger probe into the financial transactions of Best Deal TV and the alleged misuse of investor funds.
The October 14 hearing is expected to be crucial in determining whether the couple will be granted permission to travel, and what legal course the investigation will take. For now, the court’s message is clear — no foreign travel without a ₹60 crore deposit.
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