Raj Kundra resigns as CEO of Best Deal TV, demonetisation the cause?

Narendra Modi’s move to demonetise Rs 500 and Rs 1000 note sure has had a diverse effect on economy. For Shilpa Shetty‘s husband, Raj Kundra, this move has costed him his position of CEO of Best Deal TV.

Shilpa Shetty and Raj Kundra owned the home shopping channel, ‘Best Deal TV’, but unfortunately the company has incurred huge loss due to the demonetisation move. Reports have it that Raj has finally sent out his resignation on December 15. As per a leading daily,  Raj Kundra’s resignation mail reads,

I would like to officially resign as CEO of Best Deal TV. All good things come to an end I guess. We nearly conquered the industry, so close yet so far. The demonetisation, whilst a bold and most needed step, unfortunately came at a very bad time for our industry and we have been nothing but collateral damage.

Also Read: Shilpa Shetty gets trolled on Twitter and the tweets will make you go ROFL

Even though, Raj stated demonetisation the cause of his move, a few vendors dealing with his company said that there was a default in the payment from the company since last year.

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Nikita Thakkar

A strongly opinionated, free-spirited, budding Bollywood journalist, she likes to write anything in her own quirky style. When not running around to get assigned tasks completed, you will find her either painting, indulging in photography or dreaming in the la la land.