Shilpa Shetty Shuts Down Her Restaurant Amid Cheating Case

Weeks after the Bollywood actress Shilpa Shetty and her businessman husband, Raj Kundra, were accused of cheating, she announced that she is shutting down one of her iconic restaurants in Mumbai’s Bandra-–Bastian.

On Tuesday, Shilpa Shetty took to her Instagram stories and shared a long note sharing the news with her fans and followers. “This Thursday marks the end of an era as we bid farewell to one of Mumbai’s most iconic destinations – BASTIAN BANDRA. A venue that gave us countless memories, unforgettable nights, and moments that shaped the city’s nightlife now takes its final bow," she wrote.

“To honour this legendary space, we’re curating a very special evening for our closest patrons – a night filled with nostalgia, energy, and magic, celebrating everything Bastian has stood for one last time. While we say goodbye to BASTIAN BANDRA, our Thursday night ritual Arcane Affair will continue next week at BASTIAN AT THE TOP, carrying forward the legacy in a brand-new chapter with brand new experiences," the actress added.

Bastion Bandra is co-owned by actress Shilpa Shetty and restaurateur Ranjit Bindra. It has been known for its seafood dominance since its inception in 2016.

It should be noted that Bastian is shutting down weeks after Shilpa Shetty and her husband Raj Kundra were booked by the Economic Offences Wing (EOW) for allegedly cheating a Mumbai-based businessman of Rs 60.4 crore in connection with a loan-cum-investment deal. Another unknown person was also charged in connection with the incident.

The complainant, Deepak Kothari, has alleged that the couple defrauded him of over Rs 60 crore, which involved Shetty and Kundra’s now-defunct company, Best Deal TV Pvt Ltd. According to Kothari, he invested the amount between 2015 and 2023 under the pretext of expanding a business, but the money was allegedly misused for personal expenses. EOW is now investigating the case.

After the complaint, Shilpa Shetty and Raj Kundra’s lawyer Prashant Patil denied the allegations, saying they were purely civil in nature and had been adjudicated by the NCLT Mumbai on October 4, 2024. “This is an old transaction, wherein the company went into financial distress and eventually got entangled in a long legal battle at the NCLT. There is no criminality involved, and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements," said advocate Patil.

Patil called the case “baseless and malicious", which was aimed at maligning Kundra and Shetty. He also said appropriate action is being initiated from their side against the perpetrators.