Home / Crime and Justice / Bombay HC: Rs 60 Cr Bail for Shetty & Kundra Travel
Bombay HC: Rs 60 Cr Bail for Shetty & Kundra Travel
11 Dec
Summary
- Court orders Rs 60 crore deposit or bank guarantee for travel.
- Couple seeks to travel to London for ailing father's treatment.
- LOC is due to a Rs 60.48 crore fraud complaint.
Shilpa Shetty and Raj Kundra face a significant financial hurdle to travel abroad, as the Bombay High Court has mandated a Rs 60 crore deposit or a continuous bank guarantee. This order is a prerequisite for considering the lifting of a Lookout Circular (LOC) that currently restricts their foreign travel.
The couple urgently requested permission to travel to London to be with Kundra's father, who is reportedly undergoing serious medical treatment. The court emphasized the need for the couple to demonstrate their commitment to return to India, especially given the ongoing investigation into a fraud complaint.
The LOC was issued in connection with a Rs 60.48 crore fraud allegation by an investor in their former company, Best Deal TV. The couple denies the charges, terming the case as malicious and an attempt at extortion.
