Bollywood actress Shilpa Shetty Kundra has denied reports of an Income Tax raid at her Mumbai residence, with her legal representative clarifying that officials only conducted routine verification. The denial comes amid an ongoing Rs 60 crore fraud case registered by the Economic Offences Wing against Shetty and her husband Raj Kundra, linked to Best Deal TV Pvt. Ltd.
This follows SEBI's ban on Jane Street for allegedly disrupting the derivatives segment. The ongoing investigation is a significant enforcement action in India's capital markets, impacting index options activity
According to officials, the raids were carried out on November 27 in the case of an IT SEZ developer, its former director and a prominent stainless-steel supplier at 16 premises.