By Rajiv Ranjan Singh
The Economic Offences Wing (EOW) of the Mumbai Police has initiated a thorough investigation into an alleged Rs 60-crore fraud case involving Best Deal Private Limited (BDPL), a company owned by businessman Raj Kundra. As part of the probe, the EOW has issued summons to a former employee of the company, seeking cooperation in the ongoing inquiry.
Sources said a forensic auditor is set to be appointed to scrutinize the financial transactions of BDPL and its affiliated firms. This move is aimed at verifying the authenticity of the company’s financial dealings and identifying potential discrepancies.
The EOW has already recorded statements from several former employees, including the company’s former Chief Financial Officer (CFO) and former directors. These individuals are expected to provide crucial insights into the company’s financial operations and help investigators piece together the events surrounding the alleged fraud.
Kundra’s claim that Rs 20 crore was spent on office furnishing has raised eyebrows, and investigators are examining whether these expenses were legitimate business expenditures or an attempt to siphon off funds. The EOW is also probing whether employee salaries were paid through legitimate business income or undisclosed sources, and is cross-verifying details provided by former staff and directors to determine whether company funds were misused.
An accountant associated with Kundra’s firm has reportedly shared vital information with investigators, shedding light on potential irregularities in the company’s financial dealings. Officials are now tracing the flow of funds to identify how the alleged Rs 60-crore loan, reportedly taken from the complainant under the pretext of business investment, was utilized.
The probe team plans to question vendors, suppliers, and company representatives who had advertised through Kundra’s firm, as part of efforts to build a comprehensive picture of the company’s financial transactions. Payments made under Statement Media Solutions and SMS Logistics, both reportedly linked to Kundra and his actress wife Shilpa Shetty, are also under scrutiny.
As the investigation unfolds, the EOW may summon Raj Kundra again for further questioning if necessary, to clarify discrepancies and shed light on the alleged financial irregularities.