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Shilpa Shetty Calls It “The End of an Era” as Iconic Bastian Bandra Closes Amid ₹60 Crore Fraud Allegations 2025

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Shilpa Shetty Calls It “The End of an Era” as Iconic Bastian Bandra Closes Amid ₹60 Crore Fraud Allegations 2025

by Satya
September 4, 2025
in Trending News, Business News, Crime & Law Enforcement, Defence News, Finance News, India News, Legal & Judiciary, Lifestyle News, Political News
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Shilpa Shetty Calls It “The End of an Era” as Iconic Bastian Bandra Closes Amid ₹60 Crore Fraud Allegations 2025

Shilpa Shetty Calls It “The End of an Era” as Iconic Bastian Bandra Closes Amid ₹60 Crore Fraud Allegations 2025

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Shilpa Shetty announces the closure of her trailblazing Bandra restaurant, Bastian, amidst a ₹60 crore fraud controversy involving her and Raj Kundra. Discover how this ending segues into new beginnings with Bastian At The Top—and what lies ahead for the brand.

Shilpa Shetty Bids “The End of an Era” as Bastian Bandra Serves Final Farewell Amid ₹60 Crore Controversy

Emotional Farewell and Legacy of Bastian BandraREAD

Mumbai—One of India’s most iconic culinary establishments, Bastian Bandra, co-owned by Bollywood actress Shilpa Shetty and restaurateur Ranjit Bindra, has served its final dish. The closing, slated for Thursday, September 4, 2025, has been framed poignantly by Shetty as “the end of an era”.

Launched in 2016, Bastian Bandra quickly rose to fame—celebrated for its sumptuous seafood-centric menu, dramatic interiors, and celebrity magnetism. It earned a reputation as a vibrant hotspot for Mumbai’s nightlife and fine dining.

In her Instagram announcement, Shetty shared, “This Thursday marks the end of an era as we bid farewell to one of Mumbai’s most iconic destinations — Bastian Bandra” and revealed plans for a farewell evening filled with nostalgia and energy for the restaurant’s closest patrons.

Shadows of Legal Turmoil: ₹60 Crore Fraud Case

The closure aligns with the unfolding legal storm surrounding Shilpa Shetty and her husband, Raj Kundra. They are accused of defrauding a Mumbai-based businessman to the tune of ₹60 crore in a loan-cum-investment arrangement under the now-defunct Best Deal TV Pvt Ltd, spanning 2015 to 2023.

The complaint, filed by Deepak Kothari, alleges misuse of funds originally meant for business expansion, diverted instead for personal expenses. The Economic Offences Wing (EOW) of Mumbai Police is currently investigating the case.

In their defense, the couple’s legal representative contends the investment was an older, civil transaction already addressed by legal processes (notably, NCLT proceedings in October 2024), and that there’s no criminal intent.

A Legacy Continues: What’s Next for Bastian

Despite this bittersweet conclusion, the Bastian brand is far from fading. Shilpa Shetty assured fans in a follow-up video that Bastian is going nowhere—rather, it’s embarking on two new chapters.

  • Bandra outlet transformation: The Bandra location will become a new South Indian restaurant named Ammakai, celebrating Mangalorean cuisine—bringing Shetty’s roots to the forefront.
  • New outlet in Juhu: Meanwhile, Bastian Beach Club will open in Juhu, promising a fresh, upscale hospitality experience.

This repositioning reflects the brand’s vision to evolve and expand, offering new narratives while preserving its core identity.

For nearly a decade, Bastian Bandra stood as a touchstone in Mumbai’s dining scene—its opulent interiors, celebrity clientele, and dramatic cuisine making it a symbol of luxury and social vibrancy. Its farewell leaves a cultural void in the city’s culinary map.

Yet, Shilpa Shetty and her team aim to honor the past while ushering in reinvention. As she remarked, “With a heavy heart, we have closed one chapter. But two new stories are waiting to be written”.

  • A farewell evening will allow loyal patrons to celebrate Bastian Bandra’s legacy one last time.
  • Legal processes will continue to determine the trajectory of the ₹60 crore fraud allegations.
  • The launch of Ammakai in Bandra and Bastian Beach Club in Juhu signals the brand’s strategic pivot and growth mindset.

READ ALSO…...Sheena Bora Case Timeline: From Disappearance to Trial – Indrani & Peter Mukerjea 2025

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