Shilpa Shetty, husband Raj Kundra accused of cheating trader of Rs 90 lakh in Gold Scheme

This is not the first time that Shilpa Shetty and Raj Kundra have found themselves in legal trouble. In April this year, ED seized Raj Kundra’s properties worth Rs 97.79 crore.

Bollywood actress Shilpa Shetty and her businessman husband Raj Kundra have been accused of cheating a prominent trader in Mumbai.

Mumbai Sessions Court has ordered an investigation following the accusations levelled against the duo by bullion trader Prithviraj Kothari.

According to the complaint, Shilpa Shetty and Raj Kundra and their associates put together a scheme under their company, luring investors with promises of lucrative returns on gold investments.

The complaint further says that their scheme, named ‘Satyug Gold,’ allegedly assured investors of gold delivery at a fixed rate. It was regardless of market fluctuations.

Kothari claims to have been persuaded by the scheme and he ended up investing a good amount of his money in the scheme.

He says that Shilpa Shetty, Raj Kundra, and their associates' assurances convinced him of the scheme's legitimacy.

Kothari further says in his complaint that when it reached the maturity date of April 2, 2019, he did not receive the promised gold. It was despite his upfront payment of Rs 90,38,600.

He has presented documents including a covering letter signed by Shilpa Shetty and an invoice issued by Satyug Gold Private Limited, support his claims.

This is not the first time that Shilpa Shetty and Raj Kundra have found themselves in legal trouble. In April this year, ED seized Raj Kundra’s properties worth Rs 97.79 crore.

The agency had then said in a statement that the Mumbai zonal office of ED provisionally attached immovable and movable properties of Raj Kundra under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

It was alleged that Raj Kundra along with others collected huge amounts of funds in the form of bitcoins (worth Rs 6,600 crore in 2017) from the “gullible public with the false promises of 10 per cent per month return in the form of bitcoins”.