MUMBAI: Mumbai police have issued a Lookout Circular (LOC) against Bollywood actor
Shilpa Shetty and her businessman husband Raj Kundra in connection with a Rs 60 crore cheating case, officials said on Friday.
The LOC was issued by the Economic Offences Wing of the city police as the couple makes frequent international trips, an official said.
A case was registered against them at Juhu police station on August 14 for allegedly duping a businessman of nearly Rs 60 crore in a loan-cum-investment deal.
Since the amount involved is more than Rs 10 crore, the case was transferred to the EOW.
The FIR follows a preliminary enquiry by the EOW into a complaint filed by Deepak Kothari. Kothari (60), a Juhu resident and director of Lotus Capital Financial Services, an NBFC.
Kothari said one Rajesh Arya introduced him to
Raj Kundra and Shilpa Shetty, who were directors of Best Deal TV Pvt Ltd, a home shopping and online retail platform. At the time, the couple reportedly held 87.6% shares in the firm.
A Lookout Circular is a mechanism used to prevent a person from leaving the country or to track their movements by alerting immigration and border control authorities.
(With inputs from agency)The TOI City Desk is an indefatigable team of journalists dedicat...
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