India, Dec. 19 -- Shilpa Shetty Kundra has finally broken her silence on the financial troubles she continues to find herself in. After her lawyer Prashant Patil rubbished reports about an income tax raid being conducted at her house, she has now issued a personal statement as well.

She began by stating that she is "deeply saddened by the baseless attempt to link my name to this matter", "My association with the company was strictly in a non-executive capacity, with no role in its operations, finances, decision making or any signing authority. In fact like several other public figures I had endorsed certain products for the home shopping channel, in a professional capacity, for which payments due to me remain outstanding."

Shilpa and he...