Shilpa Shetty And Raj Kundra Accused Of Gold Scheme Fraud: Mumbai Court Orders Investigation
Shilpa Shetty, Her Husband Raj Kundra
Once again, legal trouble ensnares Bollywood actress Shilpa Shetty and her husband Raj Kundra as they face accusations of cheating a prominent trader in Mumbai of Rs 90 lakh in a gold scheme. The Mumbai Sessions Court has ordered a thorough investigation into the matter following a complaint lodged by bullion trader Prithviraj Saremal Kothari.
Mr. Kothari's complaint alleges that Shilpa Shetty and Raj Kundra, along with associates, orchestrated a scheme under their company, enticing investors with promises of lucrative returns on gold investments. The scheme, named 'Satyug Gold,' allegedly assured investors of gold delivery at a fixed rate, regardless of market fluctuations.
One of the leading players in the gold and bullion market, Mr. Kothari claims that the accused persuaded him to invest a substantial amount in the scheme. Assurances from Ms. Shetty, Mr. Kundra, and their associates reportedly convinced him of the scheme's legitimacy and the timely delivery of gold upon maturity.
Also Read:Radhika Ambani’s Designer Gown Featuring Anant Ambani’s Love Letter Goes Viral
As described by Mr. Kothari, the scheme appeared to offer a secure investment opportunity, buoyed by the reputation of Shilpa Shetty and Raj Kundra in the entertainment and business spheres, respectively. Investors were led to believe that their investments were safeguarded by the stature of the accused individuals, only to allegedly find themselves defrauded in the end.
Earlier this year, the Enforcement Directorate had Raj Kundra under investigation in a money laundering case associated with a Ponzi scheme. The probe agency seized properties worth Rs 97.79 crore, including a Mumbai flat registered in the name of Shilpa Shetty.
Also Read: From Chiranjeevi To Allu Aravind: Tracing The Influence Of Power Star Pawan Kalyan’s Family In Telugu Cinema
Get Breaking News First and Latest Updates from India and around the world
on News24. Follow News24 and Download our - News24
Android App. Follow News24 on Facebook, Telegram, Google
News.