Shilpa Shetty and Raj Kundra Embroiled in ₹90 Lakh Gold Scheme Scandal
The celebrity couple is facing allegations of cheating an investor in a gold scheme, with a Mumbai court directing the police to investigate.
Shilpa ShettyRaj KundraSatyug GoldGold SchemeCheating AllegationsMumbai CourtPolice ProbeReal Estate MumbaiJun 14, 2024
Kothari had invested ₹90,38,600 in Satyug Gold Private Limited, a company owned by the Kundra couple, under a 5-year plan that promised delivery of 5,000 grams of 24-carat gold in April 2019. The plan required investors to make full payment for the gold at a discounted rate upfront at the time of application. However, according to his complaint, the promised amount of gold was never delivered.
The complaint accuses the Kundra couple, along with two directors and an employee of the firm, of conspiring to operate
Frequently Asked Questions
How much did Prithviraj Kothari invest in Satyug Gold?
₹90,38,600
What was promised to Kothari under the 5-year plan?
Delivery of 5,000 grams of 24-carat gold in April 2019
What is the allegation against the Kundra couple and their company?
Cheating and criminal breach of trust
What is the value of properties attached by the Enforcement Directorate?
₹97.79 crore
What is the alleged scam that the Kundra couple is linked to?
Bitcoin Ponzi scam
Related News Articles
Travis Kelce's Luxurious Real Estate Empire: A Tour of His Multi-Million Dollar Homes
Take an exclusive tour of Travis Kelce's impressive real estate collection, including his $6 million Leawood mansion, his Briarcliff West bachelor pad, and his stylish Orlando condo.
Unlocking UAE Real Estate Investment Opportunities for Indians with the 1% Payment Plan
Discover the benefits of investing in UAE real estate, particularly for Indians, with the attractive 1% payment plan.
From Real Estate to Acting: Sohum Shah’s Inspiring Journey
Hailing from the small town of Ganganagar in Rajasthan, Sohum Shah started his career in real estate before finding his true calling in acting and filmmaking. His journey is a testament to perseverance and passion.
MahaRERA Witnesses Significant Increase in Housing Project Updates
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has reported a notable surge in developers updating their housing project information. As of the latest data, 62% of housing projects have been updated, marking a significant improvement from pre
Saif Ali Khan's Mansion Hopping: A Glimpse into His Luxurious Property Portfolio
Before moving to Satguru Sharan, Saif and Kareena Kapoor Khan used to stay at Fortune Heights in Bandra. This four-storey property, each floor housing an opulent suite, was just one of the many luxurious homes they have owned over the years.
From Dine-In to Doorstep: The Evolution of Food Chains in the Delivery Era
As the demand for food delivery continues to surge, establishments are adapting their business models to cater to the new normal. Explore how food chains are transitioning from traditional dine-in experiences to a delivery-first model.