Raj Kundra Under Police Lens For Alleged Gold Scam

Actress Shilpa Shetty and her husband, Raj Kundra, a businessman with interests in several modules has landed into yet another legal controversy. This time the Mumbai police is probing a scam related to a gold firm. The alleged scam runs into crores of rupees. Satyug Gold Pvt. Ltd, a gold trading company of which they are ex-directors. A businessman from Mumbai has complained to Mumbai police against the company officials.

According to police the complaint has been filed against Shilpa Shetty, Raj Kundra and officials of SGPL such as Ganpati Chaudhary, Mohammed Saifi and others with the Khar Police Station in Mumbai. A senior police officer confirmed that the case has been registered and the investigations are underway. According to the complainant, the firm sold a five year gold plan to buyers. They offered Satyug Gold Card at a discounted rate and promised a certain fixed quantity of gold redeemable after a five-year period.

The statement further reads that the complainant was promised that his money will be redeemed 15 percent after two years, 26 percent after three years, 30 percent after four years and 37 percent after five years. Joshi had purchased One kg gold for nearly Rs 18.58 lakhs in March 2014 at the then prevailing rates. However, when the complainant tried to redeem his investment but the office located in Bandra was found to be shut. Similarly, offices located in Andheri was found to be shifted.

After learning about the company being shut down. He also learnt that Shilpa Shetty and Raj Kundra resigned from their post as directors and this led to a complaint being registered. In a media statement, Raj Kundra said, "Just stating facts to correct a false narrative that's doing rounds in the media. This is with reference to the news about a complaint filed by an NRI for losses suffered, following an investment in Satyug Gold Pvt Ltd. Firstly and most importantly, Shilpa and I have received no such complaint as claimed by the gentleman in question. The website has all the relevant details and contact information for those who want their queries answered. With all the assistance we've made available, it is quite underhanded to say that there was no remedy. I would request the media to perform a cursory fact check before publishing information and not be an accessory in misleading viewers and readers."

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