Shilpa Shetty and Raj Kundra Accused of Rs 90 Lakh Bullion Fraud: Here’s Everything You Need To Know About the Satyug Gold Scam Involving Prithviraj Kothari
A gold dealer has accused Shilpa Shetty and her businessman husband, Raj Kundra, of gold fraud. As a result, a Mumbai court has now ordered an investigation into the matter. Here's everything you need to know about the Satyug Gold Scam involving the couple.
A Mumbai court has ordered a police investigation into the complaint made against actress Shilpa Shetty, her husband Raj Kundra and their company Satyg Gold Pvt Ltd. The couple has been accused of cheating a bullion trader named Prithviraj Saremal Kothari, managing director of Riddhi Siddhi Bullions Ltd, of Rs 90.38 lakh. Shilpa Shetty and Raj Kundra Accused of Rs 90 Lakh Bullion Fraud, Court Orders Probe.
About the Gold Scam Done by Shilpa Shetty and Raj Kundra
According to a complaint submitted by Kothari, he alleged that Raj Kundra in March had announced a scheme by the name of Satyug Gold wherein they offered to give back gold at the same rate after five years. He claimed that investors had to make a full payment at a discounted price while applying, and at the time of maturity, they would be delivered the exact quantity of gold.
Shilpa Shetty and Raj Kundra Face Legal Trouble
An employee of the company approached Kothari to invest in the scheme. He alleged that Raj Kundra and Shilpa Shetty had convinced him that he would be getting his investment back. Hence, the bullion trader invested Rs 90,38,600 in April 2014 and was promised 5,000gm of 24-carat gold in April 2019. Shilpa Shetty Kundra Turns 49: Rohit Shetty Extends a Sweet Wish for the Actress, Writes ‘Happy Birthday Shetty’ (View Pic).
Kothari said that in 2015, he learned that Satug Gold had discontinued the scheme, leading him to demand his money. However, they failed to deliver him the gold as promised earlier in the scheme. Session Court Judge NP Mehta has directed the police to investigate the dealer's allegation. Further, if the allegations are proven correct, an FIR should be registered under all necessary sections, and a thorough investigation into the matter should be made.
(The above story first appeared on LatestLY on Jun 14, 2024 04:27 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).