In a major development, reports claimed that Income Tax officials had conducted a raid at Bollywood actress Shilpa Shetty’s Mumbai residence in connection with an alleged â¹60 crore fraud case linked to the Bastian pub.
However, the actress has strongly denied these claims, with her legal team clarifying that no such raid took place and that the situation was being misrepresented.
Advocate Prashant Patil, speaking on behalf of Shilpa Shetty Kundra, stated that there was no Income Tax raid of any kind at her residence.
He clarified that what took place was only a routine verification by Income Tax officials as part of standard follow-up procedures.
He further warned that anyone mischievously linking these developments to the alleged Economic Offences Wing case would face legal consequences.
Reiterating his stand, Patil stressed that there was absolutely no IT raid at Shilpa Shetty’s home.
Meanwhile, Shilpa Shetty has also broken her silence amid the ongoing investigation into the alleged â¹60 crore fraud case.
In a statement released by her team, the actress said she was being unfairly dragged into the matter and maintained that her association with the concerned company was strictly limited and non-operational.
Shetty said she was “deeply saddened” by what she described as a baseless attempt to link her name to the case.
She clarified that her role with the company was purely non-executive, with no involvement in its daily operations, finances, decision-making, or signing authority.
She added that, like several other public figures, she had only endorsed certain products for the home shopping channel in a professional capacity, and that payments due to her for the same were still pending.
The actress further revealed that her family had, in fact, extended a substantial loan to the company.
According to her statement, nearly â¹20 crore was loaned by her family, and the amount remains unpaid.
She questioned the attempt to impute criminal liability on her after an unexplained delay of nearly nine years, calling it legally unsustainable and contrary to settled principles of law.
Expressing distress, Shetty said her name continued to be unnecessarily dragged into the proceedings, which she described as unjustified and damaging.
She added that such allegations unfairly tarnish a woman’s dignity, integrity, and reputation in the public domain.
Shetty also confirmed that a quashing petition has already been filed before the Bombay High Court and said she has complete faith in the judicial process.
She stated that she would pursue all appropriate legal remedies to protect her rights and reputation.
Urging responsible reporting, she appealed to the media to verify facts before publishing and to report the matter accurately.
For context, a case was filed in August against Shilpa Shetty, her husband Raj Kundra, and another individual for allegedly cheating a businessman of over â¹60 crore.
The complaint, filed by businessman Deepak Kothari of Lotus Capital Financial Services Ltd, alleges that the incidents occurred between 2015 and 2023.
Kothari has claimed that the money was taken under the pretext of business expansion but was instead used for personal expenses.