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Shilpa Shetty’s popular restaurant Bastian is being closed. The restaurant is located in Bandra, Mumbai. The actress herself has declared this as the end of an era.
Announcing the closure of Bastian from her official Instagram account, Shilpa Shetty wrote in an emotional manner, ‘This Thursday will end an era, when we will say goodbye to Bastian Bandra, one of the most iconic destinations in Mumbai. This is the place that gave us countless memories, never forgetting nights and such moments that shaped the night life of the city. Now this place is dropping its last curtain.
Further, the actress wrote, ‘To honor this legend place, we are organizing a special evening for our closest guests, one night which will be full of old memories, energy and magic, which will celebrate everything given by the Bustian so far. When we say goodbye to Bustian Bandra, our special archen affair event will continue in Bustian at the Top next week, where this heritage will move forward with a new chapter and new experiences.
In this post, Shilpa Shetty has not given the reason for the restaurant being closed. Shilpa Shetty started this restaurant in 2016 with Ranjit Bindra. This place was quite popular in Mumbai night life. It was re-locked in the year 2023.
Frauds of 60 crores are accused of fraud
In August, a Mumbai businessman Deepak Kothari filed a complaint against Shilpa Shetty and Raj Kundra on charges of fraud of 60 crores. According to Deepak Kothari, he met Shilpa and Kundra in 2015 through agent Rajesh Arya. At that time both were the directors of the best deal TV and Shilpa had more than 87% shares of the company.
In a meeting, it was decided that Shilpa and Raj will give a lamp to Kundra’s company. A loan of Rs 75 crore was sought for the company, on which 12% annual interest was fixed.
Deepak Kothari alleges that Shilpa and Kundra later told them that the loan may face tax problems, so show it as investment and will give returns every month. In April 2015, Kothari made the first payment of around Rs 31.95 crore. There was a second deal in September due to the continuation of tax problems and between July 2015 and March 2016, he transferred more than Rs 28.54 crore.
Overall, he gave Rs 60.48 crore, along with Rs 3.19 lakh as stamp duty. Kothari claims that Shilpa also gave him a personal guarantee in April 2016, but in September the same year she resigned as the director of the company.
After this, a case of not paying a loan of Rs 1.28 crore on Shilpa’s company came to light. Kothari had no idea about this. He asked for his money back several times, but did not get any reply and money.
The first case was registered at Juhu police station under fraud and forgery. Since the amount was more than 10 crores, the investigation has been handed over to the Economic Offenses Branch (EOW). Eow is investigating this case.