1. Now, Shilpa Shetty faces Rs 9 cr case in Kolkata

Now, Shilpa Shetty faces Rs 9 cr case in Kolkata

According to the complaint lodged Shilpa Shetty's company promised repayment of 10 times the invested amount.

By: | Kolkata | Updated: March 22, 2015 8:25 PM
Shilpa Shetty, Shilpa Shetty news, Shilpa Shetty case, Shilpa Shetty company, Ripu Sudan Kundra, Essential Sports, nation news, business news

The police said it had initiated the case against Shilpa Shetty. (Reuters)

The Kolkata police today started a case against Bollywood actress Shilpa Shetty after receiving a complaint that she had allegedly induced a city-based company to invest Rs nine crore in a company run by her.

The police said it had initiated the case against Shilpa Shetty and Ripu Sudan Kundra of Essential Sports Private Limited (ESPL), Bandra, Mumbai on the basis of the complaint lodged at the Shakespeare Sarani Police Station by M K Media Private Limited’s representative Debashis Guha.

“This is a court cognizance case, and we have started an investigation into the case,” said a senior official of the Kolkata Police.

According to the complaint lodged by Guha, the ESPL took a sum of Rs nine crore through RTGS and cheque from M K Media Private Limited with a promise of repayment of 10 times the invested amount within two years.

Also, 30 lakh equity shares of ESPL were allotted to the complainant company against such investment.

The case has been registered under various sections of the IPC.

The M K Media Private Limited had earlier filed a civil suit in the Calcutta High Court claiming repayment of the Rs nine crore allegedly taken by the ESPL.

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