look news india
News India Live, Digital Desk: Bollywood actress Shilpa Shetty’s husband and businessman Raj Kundra is facing legal action in a fraud case. During the hearing of this case, Raj Kundra has made a claim in his defense which has caught everyone’s attention. He says that after the demonetization decision of 2016, his company had to suffer huge losses. This statement presents a new aspect amid the ongoing allegations against him.
What did Raj Kundra say?
In the fraud case, Raj Kundra claimed in the court through his lawyer that due to demonetization his company’s business was badly affected. He told that after the decision of demonetization, his business was affected to a great extent, due to which the company had to suffer huge losses on the financial front. Generally, big economic decisions like demonetization are a challenge for any business, and Raj Kundra is basing his defense on this point.
Connection of fraud case and demonetization:
Raj Kundra has been accused in many financial fraud cases. The purpose of his statement may have been to show that the company’s financial troubles were not caused by any evil intention, but due to a major economic change (demonetization). This could be a strategy by their defense to prove that their business had suffered a setback, leading to some wrong decisions or some irregularities.
It will be interesting to see how the court views this claim of Raj Kundra and what effect it has on the fraud case going on against him. At present, making demonetisation the basis of his defense has brought a new and unique twist to Raj Kundra’s case.