Shilpa Shetty announced the closure of Mumbai’s famous ‘Bastian Bandra’ restaurant via her social media account. The decision comes in the wake of accusations of financial fraud amounting to crores of rupees. While the actress did not disclose the exact reason for the closure, she mentioned in an emotional post that Thursday will mark the final day of operations for Bastian Bandra.

Bollywood actress Shilpa Shetty and her family are facing mounting challenges. Allegations of fraud exceeding ₹60 crore have surfaced against Shilpa Shetty and her husband, Raj Kundra, related to loan and investment agreements between 2015 and 2023. Following these events, Shilpa Shetty’s ‘dream’ restaurant has reached the point of closure.

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In her social media post, Shilpa Shetty wrote about Bastian Bandra: “This Thursday, as we bid farewell to one of Mumbai’s most iconic destinations, Bastian Bandra, it marks the end of an era. A place that gave us countless memories, unforgettable nights, and moments that shaped the city’s nightlife is now receiving its final bill.”

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Police sources state that Deepak Kothari, director of Lotus Capital Financial Services, has alleged that funds provided for business development were misused for personal expenses.

Following the filing of a fraud case against Shilpa Shetty and Raj Kundra, their lawyer, Prashant Patil, has called the allegations “baseless.” In a statement, he said, “Certain electronic and print media have reported that a case has been registered against my clients with the Economic Offences Wing in Mumbai. My clients outrightly deny all allegations, which are entirely civil in nature, and a judgment has already been passed by the NCLT Mumbai on 04/10/2024.”