Bollywood diva Shilpa Shetty and her husband, businessman Raj Kundra, have been accused of fraud in a Gold scheme, initiated by their company Satyug Gold Private Limited in 2014.
As per the reports from Indian news agencies, actor-entrepreneur Shilpa Shetty and her businessman-husband Raj Kundra have been accused of cheat by a bullion trader, Prithviraj Saremal Kothari.
According to Kothari’s complaint, the couple along with their associates initiated a scheme, named Satyug Gold, in 2014, under their company, Satyug Gold Private Limited, where they assured investors of gold delivery at a fixed rate, regardless of market fluctuations.
Reportedly, the scheme aimed at prospective investors to make full payment of gold at a discounted price while applying for it, to be given a fixed amount of gold on the maturity date.
Kothari has now alleged that he invested a substantial amount in the scheme, however, upon reaching the maturity date in April 2019, he did not receive the promised (5000 grams of 24-carat) gold, despite his upfront payment of INR90,38,600 and presenting his documents, consisting of a cover letter signed by Shilpa Shetty and an invoice issued by Satyug Gold Private Limited, as a support of his claims.
Following the complaint, the session court of Mumbai has ordered a probe against the celebrity couple, to investigate the allegations made by the gold dealer.
