Bollywood actress Shilpa Shetty and her husband Raj Kundra face allegations of defrauding a trader in Mumbai through a gold investment scheme.
Bollywood star Shilpa Shetty and her husband, businessman Raj Kundra, are facing accusations of cheating a well-known trader in Mumbai. The trader, Prithviraj Saremal Kothari, claims that the couple, along with their associates, set up a gold investment scheme called "Satyug Gold" that promised high returns to investors.
Kothari alleges that he was convinced to invest a large sum of money in the scheme after being assured by Shetty, Kundra, and their associates. However, when the maturity date arrived in April 2019, Kothari did not receive the gold he was promised, despite paying ₹ 90,38,600 upfront.
Documents provided by Kothari, including a letter signed by Shilpa Shetty Kundra and an invoice from Satyug Gold Private Limited, support his claims of being defrauded. The scheme, endorsed by Shetty and Kundra's reputations, appeared to be a safe investment opportunity, leading investors to believe their money was secure.
The Mumbai Sessions Court has ordered an investigation into the allegations made by Kothari, directing the Mumbai Police to look into the matter. This comes after Raj Kundra was previously investigated by the Enforcement Directorate in a money laundering case related to a Ponzi scheme. The agency seized properties worth ₹ 97.79 crore, including a Mumbai flat registered in Shilpa Shetty's name.
The accusations against Shilpa Shetty and Raj Kundra have raised concerns about the integrity of the investment scheme and the credibility of the individuals involved. Investors who trusted the couple's reputation now find themselves allegedly deceived, highlighting the importance of thorough investigations into such financial matters.
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