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Time of India
7 minutes ago
- Time of India
Netizens explode as Shilpa Shetty and Raj Kundra face Rs 60.4 crore fraud allegations
Bollywood glamour has collided head-on with high-stakes financial scandal. Shilpa Shetty Kundra and her husband, businessman Raj Kundra, have been booked by the Economic Offences Wing (EOW) of Mumbai Police in connection with an alleged Rs 60.4 crore fraud case. The complaint, filed by Mumbai-based businessman Deepak Kothari, claims the couple misappropriated funds invested in their now-defunct company, Best Deal TV Pvt Ltd, between 2015 and 2023. The allegations sending shockwaves through Bollywood According to police, the deal began as a loan-cum-investment arrangement but soon spiralled into allegations of financial diversion for personal use. Initially registered at Juhu Police Station, the case was transferred to the EOW due to the large sum involved. I'm amazed why they aren't outcasts in Bollywood, yet???Shilpa Shetty stays unfazed despite all these alleged fraud cases against her and her husband. See her all over social media, opening restaurants, being interviewed like nothing's happened. How did Shilpa Shetty and Raj Kundra's deal go sour? Kothari alleges that the Kundras, along with an unidentified associate, initially sought a Rs 75 crore loan at 12% interest. Later, he says, they convinced him to treat the amount as an 'investment' to reduce tax liabilities, promising both monthly returns and full repayment of the principal. Court filings show that in April 2015, Kothari transferred Rs 31.9 crore under a share subscription agreement, followed by Rs 28.53 crore in September under a supplementary deal. In April 2016, a personal guarantee was offered, but by September, Shilpa Shetty had resigned as director. The company declared bankruptcy in 2017 after defaulting on yet another agreement. Social media reacts, and it is not pretty The news has sent netizens into overdrive. Many are openly questioning why Bollywood still embraces the couple despite repeated controversies. One user argued that Shilpa Shetty appears unfazed by the mounting cases, continuing to open restaurants and appear in interviews 'as if nothing happened.' Kundra's/Shetty's whole family is crook n scamster. Shilpa's father once engaged gangster Fazlur Rehman ( guy who kidnapped Gautam Adani ) to extort his daughter Shilpa's outstanding ( modelling job ) frm a Marwadi trader n CM Modi had taught him a good lesson via Surat Police Others dredged up Kundra's past pornography-related case and levelled fresh accusations, painting the duo as serial offenders. Some even referenced older controversies involving Shetty's family, fuelling an online storm that shows no sign of dying down. The official word Police have confirmed that the investigation is active, and more details will be shared as evidence unfolds. For now, the case has reignited debates on celebrity accountability, the blurred lines between glamour and controversy, and whether influence in Bollywood comes with an unspoken immunity card.
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First Post
7 minutes ago
- First Post
Who is Ravi Ghai, Arjun Tendulkar's soon-to-be grandfather-in-law and business tycoon?
Arjun Tendulkar, son of legendary Indian cricketer Sachin Tendulkar, reportedly got engaged to Saaniya Chandhok, granddaughter of Mumbai businessman Ravi Ghai, on Wednesday. Ravi Ghai is a well-known name in the city's business circles and heads the Graviss Group, a conglomerate which has successful ventures in food and hospitality Arjun Tendulkar, son of legendary Indian cricketer Sachin Tendulkar, reportedly got engaged to Saaniya Chandhok on Wednesday (August 13). The ceremony was attended by close friends and family from both sides. So far, neither Arjun Tendulkar's nor Saaniya Chandhok's families have issued any official statement. Notably, Saaniya is the granddaughter of well-known Mumbai businessman Ravi Ghai. But what more do we know about Ravi Ghai? Find out below: Who is Ravi Ghai? Ravi Ghai is a well-known figure in Mumbai's business and hospitality sector. He heads the Graviss Group, a conglomerate which has successful ventures in food and hospitality. He is the man behind well-known brands and properties like the InterContinental hotel at Marine Drive and the ice cream brand The Brooklyn Creamery. STORY CONTINUES BELOW THIS AD After completing his studies at Cornell University's School of Hotel Administration, Ghai took charge of the family business from his father, Iqbal Krishan Ghai, in 1967, The Economic Times said in a report. In the years that followed, he launched Kwality Ice Cream, started the Natraj Hotel (now InterContinental), and brought the Baskin-Robbins franchise to countries in the SAARC region. At present, he is the Non-Executive Chairman of Graviss Hospitality Ltd and holds roles in other companies. His son, Gaurav Ghai, currently serves as chairman of the Graviss Group. Graviss Food Solutions Private Limited, the main company of the group, posted revenue of Rs 624 crore in FY23-24, showing 20 per cent growth compared to the previous year. It has an authorised capital of Rs 2.23 crore and a paid-up capital of Rs 90,100. The family also owns the InterContinental Hotel in Mumbai, which is part of the InterContinental Hotels Group, a global hospitality brand valued at $18.43 billion in August 2025, according to News18. Who is Saaniya Chandhok? Saaniya Chandhok, granddaughter of Ravi Ghai, works as a Designated Partner and Director at Mumbai-based Mr. Paws Pet Spa & Store LLP, India Today reported. She is known for maintaining a low public profile. STORY CONTINUES BELOW THIS AD An Instagram post by the company shows that she founded the business. She graduated from the London School of Economics and, in late 2024, earned a Veterinary Technician diploma from the Worldwide Veterinary Service. Recently, online users found photos of Arjun's sister, Sara Tendulkar, taking selfies with Saaniya during a Jaipur trip earlier this year, as well as attending several IPL matches with her in past seasons. All about Arjun Tendulkar Arjun Tendulkar, unlike his father, is a left-arm medium pace bowler and represents Goa in domestic cricket. He has so far played 17 first-class matches, 18 List A games and 24 T20s. In his career so far, he has taken 37 wickets in red-ball cricket, 25 in List A and 27 in T20s. He has also scored 532 runs in first-class matches and 102 runs in List A games. STORY CONTINUES BELOW THIS AD Arjun Tendulkar has so far played 17 first-class matches, 18 List A games and 24 T20s. PTI/File Photo The 25-year-old made his Ranji Trophy debut for Goa against Rajasthan in Porvorim on December 13, 2022. Batting at number seven in the first innings, he scored 120 runs from 207 deliveries. His father also scored a century on his Ranji debut. In the IPL, Arjun plays for Mumbai Indians. He made his debut in the tournament on April 16, 2023, against Kolkata Knight Riders at Wankhede Stadium in Mumbai. In that match, he bowled two overs, conceded 17 runs, and did not take a wicket. In the IPL 2025 mega auction, Mumbai Indians bought him for Rs 30 lakh. However, he did not play any match for the Hardik Pandya-led side this season. With inputs from agencies


Indian Express
7 minutes ago
- Indian Express
Zelenskyy to meet UK PM in London ahead of Trump-Putin summit
Ukrainian President Volodymyr Zelenskyy is due in London to meet British Prime Minister Keir Starmer on Thursday, to take stock ahead of US President Donald Trump's key talks with Russian President Vladimir Putin in Alaska on Friday. Zelenskyy, who was in Germany on Wednesday, has been working with European leaders to press Trump not to allow Putin to carve up Ukraine's territory at the Alaska summit. He is due to meet Starmer at 9.30 am local time (0830 GMT) at the British premier's official residence, 10 Downing Street. On Wednesday, Trump joined a Germany-hosted virtual meeting with European leaders, including Zelenskyy, who sought to set red lines ahead of the summit on ending the war in Ukraine. Zelenskyy said he warned Trump that the Russian leader was 'bluffing' about his desire to end the war. Trump later threatened 'severe consequences' if Putin does not agree to peace in Ukraine and while he did not specify what the consequences could be, he has warned of economic sanctions if his meeting on Friday proves fruitless. The comments and the outcome of the virtual conference on Wednesday could provide encouragement for Kyiv ahead of the summit. Trump described the aim of his talks with Putin in Alaska as 'setting the table' for a quick follow-up that would include Zelenskyy. 'If the first one goes okay, we'll have a quick second one,' Trump said. 'I would like to do it almost immediately, and we'll have a quick second meeting between President Putin and President Zelenskyy and myself, if they'd like to have me there.' Britain, France and Germany, the co-chairs of the so-called 'Coalition of the Willing', set out their position on the pathway to a ceasefire in Ukraine in a statement released after Wednesday's virtual meeting.