Raj Kundra Summoned By ED, Says He Is Innocent And Will Support In Probe

Imran Asif Fazal |Oct 30, 2019

Raj Kundra was previously booked by Thane police in an alleged fraud case related to a shopping channel.

Businessman Raj Kundra, husband of actor Shilpa Shetty, on Wednesday arrived at the Enforcement Directorate's (ED) Mumbai office after he was summoned for investigation in connection with his alleged business dealings with deceased D-Company gangster Iqbal Mirchi.

ED alleged that while going through the details of real estate firm RKW Developers Private Limited, it unearthed transactions with Essential Hospitality Limited where Shilpa Shetty is one of the directors. Raj Kundra has also been earlier charged for alleged fraud by the Thane police.

Raj Kundra

According to ED sources, Ranjeet Bindra, director of RKW Developers Private Limited, has already been arrested by the ED. Dheeraj Wadhwan, also associated with RKW Developers, will be probed by ED over his links with the company.

It has to be noted that Bindra was allegedly working on the behest of Iqbal Mirchi and played an important role in negotiating the property deals for Mirchi along with another close aide of the gangster, Humayun Merchant.

1561565896 Raj Kundra Shilpa Shetty — Raj Kundra, Shilpa Shetty

Sources have confirmed that RKW Developers invested over Rs 44 crore in Essential Hospitality and provided an interest-free loan of Rs 31.53 crore. An amount of over Rs 30 crore was granted as loan to Essential Hospitality between April 2017 - March 2018 and Rs 117.217 crore between April 2016 and March 2017.

Raj Kundra will also be questioned about dealings with companies owned by Wadhawans. Meanwhile, Raj Kundra's company Bastian Hospitality Private Limited also had Ranjeet Bindra as the director. Bindra was the first person to be arrested by the ED in connection with Iqbal Mirchi's shady property dealing case.

Raj Kundra And Shilpa Shetty Burj Khalifa Flat

In a statement released by Raj Kundra, he has denied all the allegations and said, "In 2011, I sold a plot that I owned near the airport including the company to RKW developers. Everything is documented & verified by my CA. This is the be-all and end-all of the deal. Any loans given to the company in question was after we sold the company to the new owner. We sold a zero-debt company! We have never taken a single loan it was taken by the new owners of the company."

>>> Also read: Poonam Pandey Filed A Legal Complaint Against Raj Kundra To High Court