demonetization impact
Bollywood Star Shilpa Shetty and Husband Raj Kundra Face Cheating Charges in Rs 60 Crore Fraud Investigation
Dec 17, 2025 01:11 pm CST
Actress Shilpa Shetty and businessman Raj Kundra have been charged with cheating in a Rs 60 crore fraud case by Mumbai Police's Economic Offences Wing. The case stems from allegations by businessman Deepak Kothari who claims the couple misused his investment in their now-defunct Best Deal TV company between 2015-2023. Enforcement Directorate involvement may be sought as the investigation expands.
Court Orders CBI to Return Seized Cash After 10-Year Delay with Additional Compensation
Nov 27, 2025 02:38 am CST
A Mumbai court has reprimanded the CBI for failing to comply with a 2015 order to return Rs 50,000 seized during a corruption investigation. The court directed the agency to return the full amount plus Rs 5,000 compensation, potentially recoverable from the investigating officer's salary. The case highlights significant procedural delays in India's investigative system, particularly problematic given the 2016 demonetization that invalidated the original currency notes.