Shilpa Shetty and Raj Kundra's gold scheme, launched in 2014, promised investors a fixed amount of gold on the maturity date of the scheme. However, a bullion trader filed a complaint stating that he did not receive the promised gold and was instead sent a post-dated cheque for only the principal amount. The court has directed the investigation into the matter and the complainant's lawyer argues that the scheme was designed to guarantee and assure investors of timely delivery of gold.
Gold Scheme Debacle: Shilpa Shetty and Raj Kundra's Role Under Investigation
Background:
In 2014, Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, launched a gold scheme promising investors a fixed amount of gold upon maturity. However, allegations have surfaced that investors were not receiving the promised gold, leading to a court-ordered investigation.
Current Situation:
A bullion trader filed a complaint against Shilpa Shetty and Raj Kundra, claiming that he did not receive the gold he had invested in. Instead, he was given a post-dated cheque for only the principal amount. The local court has directed an investigation into the matter.
The complainant's lawyer has argued that the scheme was designed to guarantee timely delivery of gold to investors and that the failure to do so constitutes a breach of trust.
Top 5 FAQs and Answers:
1. What is the alleged gold scheme scam?
Allegedly, investors were promised a fixed amount of gold upon maturity of the scheme, but instead received post-dated cheques for only the principal amount.
2. Who is involved in the investigation?
Shilpa Shetty and Raj Kundra are being investigated by the Economic Offences Wing (EOW) of the Mumbai Police.
3. What is the current status of the investigation?
The EOW is in the process of collecting documents and evidence related to the scheme.
4. Have Shilpa Shetty and Raj Kundra been arrested?
As of now, no arrests have been made in connection with the case.
5. What are the potential charges against Shilpa Shetty and Raj Kundra?
They could face charges of cheating, forgery, and breach of trust.
Past Events:
In 2016, Shilpa Shetty and Raj Kundra were questioned by the Enforcement Directorate (ED) in connection with their involvement in a money laundering case. However, they were not arrested.
In 2018, Raj Kundra was arrested in connection with a pornographic film distribution case. He was later released on bail.
Conclusion:
The ongoing investigation into the gold scheme scam has raised serious questions about the business practices of Shilpa Shetty and Raj Kundra. The EOW's findings will determine the extent of their involvement and the potential consequences they may face.
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