Raj Kundra summoned by ED for link with Iqbal Mirchi

Raj Kundra, the husband of Bollywood actress Shilpa Shetty, has been summoned by the Enforcement Directorate in connection with his business dealings with an alleged associate of D-Company’s Iqbal Mirchi. Raj Kundra has been called to join the investigation on November 4.

Raj Kundra has been summoned by the ED in connection with his business dealings with an alleged associate of D-Company’s Iqbal Mirchi. Raj Kundra's company Bastian Hospitality Private Limited had Ranjeet Bindra as the director who was the first person to be arrested by ED in the case.

Enforcement Directorate (ED) while going through the details of the real estate firm RKW Developers Private Limited, has unearthed transactions with Essential Hospitality Limited where actress Shilpa Shetty is also one of the directors.

Sources say that RKW invested Rs 44.11 crore in Essential Hospitality and provided an interest-free loan of Rs 31.54 crore. Over Rs 30.45 crore of loan was granted to Essential Hospitality between April 2017-March 2018 and Rs 117.17 crore between April 2016-March 2017.

Another link which is under the scanner is in connection with Essential Hospitality, where one of the directors Placid Jacob Naronha is also a director with RKW Developers. Interestingly, Noronha has served as director of few other companies owned by the Wadhwans including a company named Bawa Realtors where he is a director along with Shilpa Shetty's husband Raj Kundra.

Raj Kundra, in a statement earlier had denied the allegations levelled against him and his wife of knowingly having business dealings with Iqbal Mirchi, an alleged associate of underworld don Dawood Ibrahim.