Bollywood celebrity Shilpa Shetty and her spouse Raj Kundra have found themselves embroiled in a serious legal matter pertaining to a gold scheme. The allegations against the duo stem from a complaint lodged by Prithviraj Kothari, Managing Director of Riddhi Siddhi Bullions, who claims to have invested a substantial amount of ₹90,38,600 in Satyug Gold Private Limited, a company owned by Shetty and Kundra.
Kothari’s grievance centers around a five-year plan offered by Satyug Gold that promised delivery of 5,000 grams of 24-carat gold in April 2019. The plan entailed investors making a lump-sum payment for the gold upfront at a discounted rate. However, despite fulfilling his part of the agreement, Kothari alleges that he never received the promised gold.
The complaint filed by Kothari implicates not only Shetty and Kundra but also two directors and an employee of Satyug Gold. He accuses them of conspiring to run a fraudulent scheme and violating relevant provisions of the Indian Penal Code (IPC) related to cheating and criminal breach of trust.
The matter has been brought to the attention of the Mumbai Police, which has been directed to conduct a thorough investigation into the allegations made by Kothari. The police have been instructed to register an FIR for cheating and criminal breach of trust if they find evidence of cognizable offenses committed by the accused individuals.
The ongoing probe adds to the couple’s legal woes, as they are already facing charges in connection with a Bitcoin Ponzi scam. The Enforcement Directorate has attached properties belonging to Shetty and Kundra valued at ₹97.79 crore as part of its investigation into the alleged scam, which involved siphoning off ill-gotten gains through dubious online wallets.
