Shilpa Shetty Under Fire: Income Tax Raids Stun With Shocking Revelations Linked to Bollywood Star’s Company!
The Income Tax Department has launched a series of raids on multiple food and beverage companies in Mumbai, including a restaurant co-owned by actress Shilpa Shetty, over allegations of tax evasion. Official sources confirmed that between 20 and 24 premises have been searched since Wednesday, driven by “actionable” intelligence suggesting these businesses engaged in “out of the books” transactions, likely involving cash dealings.
Sources clarified that while some office premises linked to Shetty were included in the searches, her personal residence was not targeted. The current investigation by tax authorities is reportedly unrelated to a police FIR filed against Shetty and her husband, Raj Kundra, for allegations of fraud, nor is it connected to another case in Bengaluru involving a local restaurant co-owned by the actress that allegedly violated operating hours.
On Wednesday, the Mumbai Police’s Economic Offences Wing (EOW) escalated their investigation against Shetty and Kundra by invoking charges of cheating alongside criminal breach of trust. Initially, the case was registered under Section 406 of the Indian Penal Code (IPC), which pertains to criminal breach of trust; it has since been expanded to include Section 420, which addresses cheating and the dishonest inducement of property delivery.
In response to the allegations, Shetty and Kundra issued a statement on social media, firmly denying the accusations and asserting their full cooperation with the investigation. They emphasized their belief in the judicial process, stating, “We categorically deny the baseless and motivated allegations being circulated. The issues sought to be raised are being given a criminal color without any lawful basis.”
Kundra highlighted that a quashing petition has already been submitted to the Honorable High Court and is currently under consideration. “Having fully cooperated with the investigation, we are sanguine that justice will prevail and have complete faith in law enforcement authorities and the Indian judiciary. We respectfully urge the media to exercise restraint as the matter is sub-judice.”
The ongoing investigation and associated raids reflect heightened scrutiny in India’s food and beverage sector, underscoring concerns regarding financial transparency and compliance with tax regulations. As the situation develops, it remains to be seen how the allegations will impact Shetty’s public image and business interests.
The Income Tax Department continues its efforts against tax evasion, signaling a broader campaign to ensure compliance within high-profile industries. With the stakes rising and legal proceedings underway, the public will be watching closely as both the investigation and the legal cases unfold.
Original Source: https://www.livemint.com/news/india/shilpa-shetty-faces-fresh-heat-as-income-tax-department-raids-company-linked-to-bollywood-celebrity-11766078516291.html
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Publish Date: 2025-12-18 23:48:00
