The case stems from a business arrangement made in 2015, where Kothari was introduced to Shetty and Kundra by their associate, Rajesh Arya. At the time, the couple was involved with ‘Best Deal TV’, a home shopping and online retail company. Kothari alleges that the couple requested a Rs. 75 crore loan with an interest rate of 12%. However, they advised him to show the loan as an investment in order to avoid high taxes. They promised monthly returns on the investment, assuring that the money would be repaid in full.

Kothari claims that he transferred a total of Rs. 60.48 crore over two installments—Rs. 31.95 crore in early 2015 and another Rs. 28.53 crore later that year. However, the situation took a turn when Shilpa Shetty resigned as a director from the company, and the business went into insolvency shortly afterward. Kothari alleges that the couple failed to return his money and instead used it for personal purposes.

This new allegation is not the first time Shilpa Shetty and Raj Kundra have found themselves embroiled in legal trouble. Earlier this year, the couple faced accusations related to a gold investment scam, which further added to their mounting controversies.

As of now, the EOW has begun its investigation into the case, and Shilpa Shetty and Raj Kundra are expected to respond to the allegations. The case has garnered significant attention, adding to the couple's growing list of legal battles.

This incident has once again raised questions about the financial dealings of high-profile personalities in the entertainment industry, especially as legal troubles continue to plague Shetty and Kundra's reputation in both the business and media worlds. The investigation is expected to unfold in the coming months, and it remains to be seen what legal consequences the couple may face.