Shilpa Shetty’s Bastian set to close after nearly a decade, amid Rs 60 crore scam controversy

Shilpa Shetty was last seen investing in Limelight Lab Grown Diamonds before being accused in a Rs 60 crore fraud scandal.

shilpa shetty bastian raj kundra
Shilpa Shetty's Bastian set to close after nearly a decade, amid Rs 60 crore scam controversy. (Image: Instagram)

Shilpa Shetty announced the departure of her gourmet seafood bar, Bastian, from Bandra on her Instagram stories. This comes just weeks after the actress and her husband, Raj Kundra, were accused of a fraud of Rs 60 crore. One of the most popular landmarks of Mumbai’s nightlife, Bastian was notoriously famous for its parties, celebrity sightings, and more.

In her note on social media, Shetty wrote that Bastian Bandra will shut its operations this Thursday, on September 4. She wrote, “A venue that gave us countless memories, unforgettable nights, and moments that shaped the city’s nightlife now takes its final bow.” Before its last hurrah, Shetty announced the last evening for the “closest patrons” of the establishments. However, the actress affirmed that Bastian At The Top, another location of the restaurant in Dadar, would continue serving guests, “carrying forward the legacy in a brand-new chapter with brand new experiences,” she added.

Shilpa Shetty’s Bastain

Bastian Bandra is co-owned by Bollywood’s diva Shilpa Shetty and restaurateur Ranjit Bindra. Known for its gourmet hosting since 2016, Shilpa Shetty entered the business contract in 2019 when her company SSK Yog Pvt Ltd acquired a 50% stake. More recently, Kundra also unveiled ‘Inka Experience’ in Lower Parel, a subsidiary of Bastian Hospitality with a focus on Peruvian-Asian cuisine in March 2025. This, too, is a joint venture of Bindra and Shetty.

Source: Screengrab from Shilpa Shetty’s Instagram

The closure has been announced just weeks after the celebrity power couple was booked by the Economic Offences Wing (EOW) for reportedly cheating a businessman.

Shilpa Shetty-Raj Kundra Rs 60 crore trouble

A case was registered against Shilpa Shetty’s now-defunct company, Best Deal TV by businessman Deep Kothari. He accused them of conspiracy to defraud him between 2015 and 2023. Kothari, the director of Lotus Capital Financial Services, was approached by the Kundra couple for a loan of Rs 75 crore with 12% interest. Despite repeated attempts to recover the funds, it was an unsuccessful effort.

A formal investigation was launched by the EOW into the couple’s financial history after the accusation of misappropriating funds. However, this was not the first time Raj Kundra and Shilpa Shetty found themselves amid legal trouble. In 2024, the couple was involved in a nearly Rs 100 crore Bitcoin scandal. This led the Enforcement Directorate (ED) to allegedly find properties worth more than Rs 97 crore linked to a Bitcoin Ponzi scheme. Shortly after an investigation, the residences were sealed and their assets were seized.

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This article was first uploaded on September three, twenty twenty-five, at fifteen minutes past one in the afternoon.
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