Shilpa Shetty and Raj Kundra Facing Cheating & Fraud Charges - TNBCLive

Bollywood actor Shilpa Shettey and her husband Raj Kundra are facing charges for allegedly defrauding the Satyug Gold Pvt. Ltd, a gold-trading company. Mr Kundra and Mrs Shettey had been former directors of the company. The complaint has been lodged by a non-resident Indian businessman named Sachiin J. Joshi against Shilpa, Raj and others SGPL officials with the Khar Police Station. 

According to Joshi, he was cheated lured and cheated by SGPL’s ‘Satyug Gold Scheme,’ launched around 2014. He mentioned in the complaint that he purchased nearly a kilo of gold for Rs 18.58 lakh from the company in a gold scheme on the same year. The company offered him a gold card at a discount under the five-year plan and promised a certain quantity of gold redeemable on or after March 25, 2019.

He further explained that as per current rate, the original investment would have fetched around Rs 44 lakhs or more than double. But when he tried to redeem his one-kilo golden asset in March, he found that the company’s office at Bandra Kurla Complex had shut down. 

“It became clear that SGPL was a fraudulent entity being used to run the fake ‘Satyug Gold Scheme’ using the name of celebs like Shilpa Shetty. I have suffered a loss of Rs 18.58 lakh on my gold investment,” Joshi told reporters.

After the investigation started, police found that Ms Shetty and Mr Kundra had resigned from the director post in May 2016 and November 2017 respectively. However, all the allegations have been dismissed by Raj Kundra claiming it was a “false narrative”.

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