A Mumbai court has directed the BKC police station to initiate an investigation into a complaint filed against Bollywood actor Shilpa Shetty Kundra, her husband Raj Kundra, and others regarding an alleged fraud in a gold investment scheme.
Additional sessions judge N P Mehta, in an order passed on Tuesday, found a “prima facie cognizable offence” against the Kundra couple, their company Satyug Gold Private Limited, along with two directors and an employee of the firm.
The complaint was lodged by Prithviraj Kothari, managing director of Riddhi Siddhi Bullions, accusing the Kundra couple of launching a deceptive scheme in 2014. Investors were reportedly promised delivery of gold at a discounted rate upfront, with actual delivery scheduled for a later date. However, Prithviraj Kothari alleges that despite his investment of ₹90,38,600 under a 5-year plan, the agreed quantity of gold was never delivered as promised on April 2, 2019.
In response to the complaint, the court instructed the police to register an FIR under relevant sections of the Indian Penal Code for cheating and criminal breach of trust upon finding evidence of wrongdoing by the accused.
The case underscores allegations of a fraudulent scheme orchestrated by the accused, who are accused of conspiracy and breach of trust in connivance with each other, as detailed in the complaint filed by Prithviraj Kothari through his legal representatives.
This development marks a significant legal challenge for the Kundra couple and their associates, requiring thorough investigation by Mumbai authorities into the alleged financial misconduct.
