India, Sept. 16 -- The Economic Offences Wing (EOW) of Mumbai Police on Monday recorded a detailed five-hour statement from businessman Raj Kundra in connection with a Rs.60-crore alleged fraud case implicating him and his actress wife, Shilpa Shetty.

Police said preliminary investigations revealed that significant funds flowed from Kundra's company to Bollywood celebrities labelled as fees and other charges. "We recorded Kundra's preliminary statement where he claimed the payments were legitimate expenses or fees due to the recipients," said a senior EOW official. "We are scrutinising the financial records and may summon him again next week, if required." The statement was recorded under the supervision of DCP Nimit Goyal.

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