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 The Bombay High Court on Wednesday directed Bollywood actor Shilpa Shetty and her businessman husband Raj Kundra to deposit ₹60 crore with the court registry if they wanted their plea to travel abroad to be considered. The direction came during the hearing of a petition filed by the couple challenging the look-out circulars (LOCs) issued against them by the Economic Offences Wing (EOW) of the Mumbai Police. EOW’s Look-Out Circular and the ₹60.48-Crore Cheating Case The case stems from a ₹60.48-crore cheating complaint linked to the couple’s now-defunct online retail venture, Best Deal TV Pvt. Ltd. The EOW had issued look-out circulars on September 5, 2025 , preventing Shetty and Kundra from leaving India while the investigation was ongoing. The LOCs were based on a complaint filed by Deepak Kothari , a city-based businessman and director of Lotus Capital Financial Services , who alleged that Shetty and Kundra had diverted investor funds for personal use between 2015 an...

ED's Allegations on AJL's ₹2,000 Crore Assets In the ongoing hearing of the high-stakes National Herald money laundering case, the Rouse Avenue Court in Delhi has raised crucial questions regarding the alleged misappropriation of Associated Journals Limited’s (AJL) assets worth ₹2,000 crore. The Enforcement Directorate (ED), represented by Additional Solicitor General (ASG) S.V. Raju, has argued that the transfer of AJL to Young Indian—a company allegedly controlled by Congress leaders Sonia Gandhi and Rahul Gandhi—was not a legitimate business transaction but a calculated conspiracy to gain control of valuable real estate assets. ₹90 Crore Loan for ₹2,000 Crore Company: A “Sham Transaction”? The ED contended that the Indian National Congress extended a loan of ₹90.25 crore to AJL, which was financially struggling and unable to repay its dues. In a series of moves that the ED claims are fraudulent, Young Indian was allegedly formed and took over AJL’s massive assets in ex...