EOW finds evidence of fund diversion in Shilpa-Raj's case

Shilpa Shetty and Raj Kundra are under scrutiny in a Rs 60 crore fraud case involving alleged fund diversion from a 2015 loan. Preliminary investigations suggest money was siphoned off through connected firms, with evidence pointing to fabricated expenses and unpaid vendors. Kundra claims the loan was converted to equity and blames demonetisation for losses.

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