Court orders probe against Shilpa Shetty and Raj Kundra for cheating a Bullion trader for Rs 90 lakh

Actor Shilpa Shetty and her entrepreneur husband Raj Kundra are facing another legal case after the Enforcement Directorate (ED) seized their assets worth 98 crore. According to a report by India Today, the Mumbai Sessions Court has ordered the police to investigate a complaint against Shilpa, Raj Kundra, and their company Satyug Gold Pvt Ltd. The complaint alleges the couple cheated a bullion trader Prithviraj Saremal Kothari out of Rs 90.38 lakh in a gold scheme.

Details about the gold fraud case linked to Shilpa Shetty and Raj Kundra

The reports also mentioned that a scheme was given to Mr Kothari, promising to deliver gold at a fixed rate, regardless of market fluctuations. The trader was persuaded by the accused to invest a substantial amount in the scheme. However, when the delivery date (April 2, 2019) arrived, he alleged that he didn’t receive the gold after his upfront payment of ₹ 90,38,600. Documents presented by the complainant, including a covering letter signed by Shilpa Shetty Kundra and an invoice issued by Satyug Gold Private Limited, only support his claims. Due to this, the Court ordered the police to investigate the case. Additionally, if any cognizable offence has been committed by the accused, then the police can take necessary action against both.

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ED freezes Shilpa Shetty & Raj Kundra’s assets

In April this year, the Enforcement Directorate (ED) seized Shilpa Shetty Kundra’s and Raj Kundra’s assets. As per the reports, the ED attached the couple’s properties worth Rs 98 crore under the provisions of the Prevention of Money Laundering Act PMLA 2002. As reported by Zee News India, Raj Kundra and Shilpa Shetty’s seized properties are valued at Rs 97.79 crore. It includes a luxurious bungalow in Pune and a residential flat in Juhu. All are registered under Shilpa’s name and equity shares are in Kundra’s name. The case revolves around the misuse of investor funds through the digital currency, Bitcoin.

Also read: From pornography case to ED freezing his assets worth crores: Top controversies of Shilpa Shetty Kundra’s husband Raj Kundra