Shilpa Shetty News: Shilpa's Troubles Mount: Income Tax Raids Mumbai Residence After Bengaluru Restaurant

Bollywood actress Shilpa Shetty's troubles show no signs of abating, with new challenges emerging for the prominent personality. Previously, she was in the news concerning a 60 crore fraud case, which had already cast a shadow over her public image. Now, the Income Tax Department has conducted a sudden raid on her Juhu residence in Mumbai, intensifying the scrutiny on her personal and professional life.

Latest Developments: Mumbai Residence Raided

On Thursday, December 18, a team from the Income Tax Department unexpectedly arrived at Shilpa Shetty's home in Juhu, Mumbai, to conduct a raid. This operation is reportedly linked to an ongoing investigation concerning her famous 'Bastian Garden City' hotel in Bengaluru. The raid in Mumbai has once again brought Shilpa Shetty into the spotlight, marking another significant step in the series of investigations she's currently facing, while the action taken in Mumbai underscores the seriousness with which the Income Tax Department is pursuing this matter. According to sources, the raids were initiated following complaints of alleged financial irregularities and tax evasion in the hotel's transactions.

Income Tax Department teams are conducting search operations not only in Mumbai but also at various locations related to the hotel in Bengaluru. This indicates a broad scope of investigation, encompassing multiple facets of Shilpa Shetty's business interests. The department is meticulously examining the financial records and accounts. Of 'Bastian Pub' to uncover any potential discrepancies or illicit activities.

Shilpa Shetty's Stake in Bastian Hospitality

Shilpa Shetty acquired a 50% stake in 'Bastian Hospitality' in 2019. The company is owned by businessman Ranjeet Bindra. Her significant ownership means that any alleged financial misconduct within the company directly impacts her. The Income Tax Department's investigation is primarily focused on this stake and the associated financial records. The inquiry aims to ascertain whether any activities leading to. Tax evasion or financial manipulation occurred in the company's operations.

Previous Raids and Other Controversies

This isn't the first instance of the Income Tax Department raiding Shilpa Shetty's business premises. On Wednesday, December 17, the Income Tax Department had also conducted a raid on Shilpa Shetty's Bastian Restaurant located in Karnataka. The subsequent raid on her Mumbai residence suggests a continuous and escalating investigation. Also, Shilpa Shetty was previously embroiled in a 60 crore fraud case, which Importantly impacted her public perception, while these persistent challenges are posing a formidable test to her public and professional reputation.

Shilpa Shetty as a Successful Businesswoman

Beyond her acting career, Shilpa Shetty is also recognized as a successful businesswoman. She owns a renowned restaurant chain, 'Bastian,' with branches in Mumbai, Goa, Bengaluru, and other locations. These restaurants are known for their luxurious ambiance, often featured in her social media posts. Her entrepreneurial success has established her as one of Bollywood's influential figures. However, the recent controversies have cast a shadow of doubt over her business empire.

Announcing New Ventures Amidst Controversy

Despite the 60 crore fraud case and the ongoing Bastian IT raids, Shilpa Shetty had announced the opening of a new restaurant named 'Ammakai. ' This demonstrates her business acumen and resilience, as she continues to expand her ventures even in challenging times. This announcement came at a period when her existing business enterprises. Were under intense scrutiny, drawing further attention to her business decisions.

Addressing Closure Rumors and Future Plans

In September, there were speculations that Shilpa Shetty's popular Bastian restaurant in Bandra, Mumbai, was closing down. Dispelling these rumors, Shilpa posted a clip on social media where she was heard saying on the phone, 'No, I am not closing Bastian, I promise. ' The actress further added, 'I've received a lot of calls, but after all is said and done, I can definitely feel the love for Bastian, but don't make this love toxic, while I've truly come to say that Bastian isn't going anywhere. We've always introduced new food, continuing that same passion, we're very excited to announce not one but two new locations, while ' This statement reflects her unwavering business commitment and confidence in the Bastian brand, even as she faces serious investigations.