Shilpa Shetty and Raj Kundra accused of Rs 90 lakh fraud, court orders police investigation
The managing director of a bullion company has lodged a complaint against Raj Kundra, Shilpa Shetty, and two other individuals.
PTC News Desk: A Mumbai court has ordered police to look into a complaint made against actor Shilpa Shetty and her husband Raj Kundra in an alleged fraud case, landing the couple in further legal peril. The duo is charged with scamming an investor in a gold scheme.
"Prima facie cognizable offence is made out" against Raj Kundra and Shilpa Shetty, the company they formed, Satyug Gold Private Limited, as well as two directors and an employee of the company, according to a PTI report citing additional sessions judge NP Mehta.
According to the article, the managing director of Riddhi Siddhi Bullions, Prithviraj Kothari, filed a complaint, and the court ordered the Bandra Kurla Complex police station to look into the allegations.
In order to prosecute the accused for deceit and criminal breach of trust, the court has ordered the police to file a first information report (FIR) under the applicable sections of the Indian Penal Code (IPC).
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Raj Kundra and Shilpa Shetty are accused
Prithviraj Kothari has alleged in the lawsuit that Shilpa Shetty and Raj Kundra introduced a plan in 2014 that required anyone wishing to invest to pay the whole amount of gold at a discounted rate up front at the time of application.
Kothari promised that on the maturity date, a predetermined amount of gold would be provided. Consequently, he contributed Rs 90,38,600 inside a five-year scheme, with the guarantee of receiving 5,000 grams of 24-carat gold on April 2, 2019.
According to PTI, Kothari said that he never received the promised quantity of gold on the maturity date or even after.
The Kothari denounced it as "an absolutely fraudulent plan" and charged the two with conspiring, acting in concert, and breaking the law.