Mumbai: Businessman Raj Kundra, husband of actor Shilpa Shetty, has claimed before the Economic Offences Wing (EOW) of Mumbai Police that his company suffered major losses after the 2016 demonetisation drive — a blow, he said, that severely affected his ability to repay investors. His statement comes amid a probe into an alleged Rs 60.48 crore cheating case linked to his firm Best Deal TV Pvt Ltd.

The case was registered following a complaint by Deepak Kothari, director of Lotus Capital Financial Services, who accused Kundra and Shetty of defrauding him of over Rs 60 crore between 2015 and 2023. Kothari alleged that he had invested the money in Best Deal TV based on promises of returns, but the funds were later diverted for personal use. ADVERTISEMENT

According to sources, Kundra, durin

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