Shilpa Shetty & Raj Kundra Face ₹60 Crore Fraud Case: Mumbai Police Issues Lookout Circular

Bollywood glamour has once again collided with legal troubles. Mumbai Police have issued a lookout circular (LOC) against actress Shilpa Shetty and her husband, businessman Raj Kundra, in connection with an alleged ₹60 crore financial fraud.

This move prevents the couple from leaving India as investigations into their now-defunct business venture continue.

What’s the Case About?

The controversy revolves around financial irregularities linked to one of Shilpa and Raj’s past companies. While details are still unfolding, investigators suspect improper money transactions amounting to around ₹60 crore.

Authorities are now combing through:

• Business records

• Bank statements

• Past financial dealings

The goal? To trace where the money went, who benefitted, and how deeply the alleged misconduct runs.

Why the Lookout Circular Matters

A lookout circular is not a small step. It basically means:

• Both Shilpa and Raj cannot leave the country without special permission.

• Immigration officials at airports, seaports, and borders have been instructed to stop them if they try to travel abroad.

• This ensures they remain available for questioning as the probe unfolds.

Who’s Investigating?

The case is reportedly in the hands of the Economic Offences Wing (EOW) of Mumbai Police. These are specialists in white-collar crime.

Their work will include:

• Mapping financial flows

• Identifying beneficiaries of suspicious transactions

• Checking if this was an isolated fraud or part of a larger pattern across the couple’s businesses
  

What This Means for Shilpa Shetty

For Shilpa, who has carefully maintained a clean and family-friendly image, this comes as a big reputational hit.

She has been active in:

• Bollywood films

• TV judging roles

• Yoga and fitness brands

• Endorsements and investments

Depending on how this case unfolds, her brand value could take a hit, especially with advertisers who shy away from controversy.

Raj Kundra’s Repeat Run-Ins

For Raj Kundra, legal troubles are not new. He previously faced headlines over alleged involvement in adult content distribution, which saw him even jailed in 2021.

This new case adds another heavy chapter to his already controversial public record.

What Happens Next?

• The investigation may take months as documents are scrutinized.

• Both Shilpa and Raj are expected to be called in for questioning.

• Their legal team will likely push back against allegations while cooperating with police.

The big question remains: Will Mumbai Police be able to prove fraud, or will the couple walk free again?

Aapke Sawal, Hamare Jawab!

Q1. What is a lookout circular (LOC) in India? A lookout circular is a travel restriction issued by police or investigating agencies to stop an accused person from leaving the country while under investigation.

Q2. How much is the alleged fraud involving Shilpa Shetty and Raj Kundra? Authorities are probing alleged financial misconduct worth around ₹60 crore.

Q3. Can Shilpa Shetty still work in Bollywood during the case? Yes, legally she can continue work, but her brand endorsements and TV appearances may take a hit depending on how the case plays out.

Q4. Is Raj Kundra the main accused or Shilpa too? Both have been named in connection with the defunct company, but the investigation will determine their individual levels of responsibility.

Q5. How long will the investigation take? White-collar crime probes are complex. This one may stretch for several months or even longer.