Shilpa Shetty’s Bastian Bandra Closes Amid ₹60 Crore Fraud Allegations with Raj Kundra

Bastian Bandra Closes marks the end of one of Mumbai’s most celebrated nightlife destinations, as Bollywood actor Shilpa Shetty announced that her popular restaurant will serve its final patrons this Thursday. On Instagram, Shetty shared, “This Thursday marks the end of an era as we bid farewell to one of Mumbai’s most iconic destinations — BASTIAN BANDRA. A venue that gave us countless memories, unforgettable nights, and moments that shaped the city’s nightlife now takes its final bow.”

Shetty also confirmed that her other Mumbai-based restaurant, Bastian at the Top, will continue operations. “To honour this legendary space, we’re curating a very special evening for our closest patrons — a night filled with nostalgia, energy, and magic, celebrating everything Bastian has stood for one last time. While we say goodbye to BASTIAN BANDRA, our Thursday night ritual Arcane Affair will continue next week at BASTIAN AT THE TOP, carrying forward the legacy in a brand-new chapter with brand new experiences,” she added.

A Celebrity Hotspot Turns Quiet

Bastian Bandra, since its inception in 2016 and relocation in 2023, had become a hub for Mumbai’s celebrities and socialites. Its lavish interiors, curated menu, and high-profile clientele made it a must-visit destination for both local diners and paparazzi eager to spot stars. Over the years, it hosted countless celebrations, events, and private parties, cementing its place in the city’s social calendar.

The ₹60 Crore Fraud Controversy

The restaurant’s closure coincides with a high-profile legal dispute involving Shilpa Shetty and her husband, businessman Raj Kundra. Both are accused in a ₹60 crore fraud case filed by Mumbai-based businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd.

Kothari alleges that funds intended for business expansion through Best Deal TV Pvt Ltd—a venture once promoted by the couple—were misused for personal expenses instead. According to him, the transactions occurred between 2015 and 2023, and agreements were allegedly forged to cover the diversion of funds. Investigators from the Economic Offences Wing (EoW) have reportedly taken the matter seriously, citing potential investor mismanagement.

Denials and Legal Stand

Shilpa Shetty and Raj Kundra’s lawyer, Prashant Patil, strongly denied the allegations. Speaking to Bharat Details, Patil said, “All allegations are false. We have not received a copy of the FIR so far. Once we receive it, we will examine the claims and adopt the necessary legal remedies. These transactions are 7-8 years old. If there were wrongdoing, complaints would not have been delayed for so long. We have documentary evidence and will present the truth to the investigating agencies.”

Patil further emphasized that the case largely involves civil matters already addressed in proceedings before the National Company Law Tribunal (NCLT) in Mumbai. “My clients deny all the allegations, which are purely civil in nature and have already been adjudicated,” he added.

The Wider Impact on Mumbai’s Celebrity Dining Scene

Bastian Bandra’s closure highlights the risks associated with celebrity-backed ventures in India. While actors and public figures can generate strong brand appeal, financial management and accountability remain crucial. Over the past decade, several celebrity-led projects have faced scrutiny for operational challenges, investor disputes, or mismanagement.

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For Shilpa Shetty, the farewell to Bastian Bandra is not just about closing a restaurant—it is a symbolic moment that merges nostalgia with ongoing legal scrutiny. The couple faces the dual challenge of safeguarding their public image while navigating complex financial allegations. For Mumbai diners and celebrities, the shutdown ends an era of glamorous nights, curated cuisine, and star-studded memories.

Closing Note
As Bastian Bandra serves its final meals, the spotlight shifts to legal proceedings surrounding Shilpa Shetty and Raj Kundra. Meanwhile, Bastian at the Top will carry forward the culinary and nightlife legacy, promising a fresh chapter for Mumbai’s dining scene.