Shilpa Shetty, Raj Kundra face Rs 9 million fraud and cheating allegations
Shilpa Shetty and Raj Kundra
Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, are facing serious allegations of cheating a prominent bullion trader in Mumbai. The accusations, brought forward by Prithviraj Saremal Kothari, have led the Mumbai Sessions Court to order a comprehensive investigation into the matter.
Kothari, a leading figure in the gold and bullion market, claims that Shetty and Kundra, along with their associates, orchestrated a deceptive scheme under their company, Satyug Gold. The scheme promised investors lucrative returns on gold investments by assuring gold delivery at a fixed rate, regardless of market fluctuations.
According to Kothari's complaint, he was persuaded by the accused to invest a substantial amount in the scheme, lured by assurances of its legitimacy and the timely delivery of gold upon maturity. Kothari alleges that these assurances, provided personally by Shetty, Kundra, and their associates, convinced him to make an upfront payment of Rs 9,038,600.
However, upon the maturity date of April 2, 2019, Kothari claims he did not receive the promised gold. Supporting documents presented by Kothari included a cover letter signed by Shilpa Shetty Kundra and an invoice issued by Satyug Gold Private Limited.
The court has directed the Mumbai Police to investigate these allegations thoroughly.
)
Indian man sends explicit text to 14-year-old in UK, gets caught while trying to meet her: VIDEO
)
Iran War Fuels Shipping's Biggest Payday
)
Who is Jin Ze? Chinese TV and short-drama actor passes away at 33, agency confirms
)
Peddi Row: Leaked chats and make-up artist reveal Janhvi Kapoor objected to oversexualized shots, but was ignored
&im=FitAndFill=(700,400))
‘Headlight drain’: Does driving with your daytime lights on cost you extra fuel?
)
'Trap to kill him': Indian man shot dead in US after delivering pizza
)
'Erika told Usha between sobs...': JD Vance reportedly reveals what convinced his wife for fourth child
)
Musk says India's birth rate has fallen below 'replacement level': What the term means and what official data reveals? | WION Decodes
)
Something big ahead? Lebanese army chief visits Pakistan amid reports of link to US-Iran negotiations
)
Mumbai concert tragedy: 28-year-old man dies after falling ill during live music event at Worli Dome
)
Trump secretly consulting nuclear experts amid renewed Iran attacks? What report claims
)
Teach You a Lesson review: Kim Mu Yeol's k-drama delivers brutal fight against a broken education system
)
Queen Elizabeth's grandson Peter Phillips marries Harriet Sperling; King Charles, William and Kate attend
)
‘Strait of Hormuz is our nuclear bomb’: Iranian official’s EXPLOSIVE remark amid tensions with US
)
For the first time, Air Force to transport NEET question papers ahead of June 21 exam
)
Trump shares AI-video of himself riding bike in India, lion in jungle: What is it about
)
Who Is Kevin Kunta? Meet Ram Charan’s bodyguard, MMA fighter, who reportedly charges Rs 2–3 lakh per day
)
India A Tri-Series in Sri Lanka 2026: Full schedule, venues, squads, timings & live-streaming details
&im=FitAndFill=(700,400))
Dhruv Rathee’s scriptwriter, journalist, IIT alumnus: Who are the 3 spokespersons announced by CJP?
)
Indians on H-1B visas exit Texas and its housing boom is dying. Other states could see similar decline
)
Old praise, new problems: Cockroach Janta Party spokesperson Saurav Das's 9-year-old tweet faces scrutiny
)
Indian mangoes make inroads into the US market with Seattle event
)
Wonderful World | A once-in-a-century celestial event: The 6-minute solar eclipse that will turn day into night
&im=FitAndFill=(700,400))
How often should you restart your phone? Samsung & NSA have different answers
)
NASA satellite spots strongest sign of Super El Nino, confirming all predictions - What to expect?
)
Delhi hotel owner helped Bangladeshi nationals get fake Indian documents, was arrested and booked last year
)
'Cockroach, memes & reels': Why Indian GenZ's AI knowledge gap is at least 40 years behind from rest of the world
)
'Future doesn't look bright': Indian GenZ was busy debating Cockroach Janta Party, AI quietly took their jobs in last 1 month
&im=FitAndFill=(700,400))
$50,000 vs $3.50: How the future of air defence could be this cheap
)
Who is Abhilasha Barak? India's first woman combat helicopter pilot wins UN Military Gender Advocate Award
&im=FitAndFill=(700,400))
Meet top 5 players with most runs in Women's World Cup history
This legal trouble adds to Kundra's ongoing issues, as earlier this year, he came under scrutiny by the Enforcement Directorate in a separate money laundering case linked to a Ponzi scheme. The probe led to the seizure of properties worth crores, including a Mumbai flat registered in the name of Shilpa Shetty.