Businessman and actor Shilpa Shetty’s husband, Raj Kundra, has claimed that demonetisation in 2016 was a key reason he was unable to repay a Rs 60 crore loan.

This statement was made during his interrogation by the Mumbai Police’s Economic Offences Wing (EOW) in connection with a fraud case filed by businessman Deepak Kothari.

Related news: Rs 60 crore cheating case: Raj Kundra paid part of fraud amount to Bipasha Basu, Neha Dhupia, Ekta Kapoor as fees, say police

Kothari alleges that Kundra and Shetty borrowed Rs 60 crore under a loan-cum-investment agreement related to a now-defunct online shopping venture.

Instead of using the funds solely for business, the couple is accused of diverting large sums for personal use and failing to repay the amount.

According to a report by The Ind

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