PremiumShilpa Shetty and Raj Kundra’s lawyer reacts to the Rs 90 lakh fraud allegations - 'My clients shall fight this battle...'
Shilpa Shetty and husband Raj Kundra have been accused of fraud by an investor who have alleged they scammed him.
Last Updated: 02.08 PM, Jun 26, 2024
In a very shocking turn of events a few days ago, Shilpa Shetty and her husband Raj Kundra were under the spotlight for all the wrong reasons. The couple was accused by Prithviraj Kothari, the managing director of Riddhi Siddhi Bullions, of scamming him of over Rs 90 lakh by making him invest in a scheme and not delivering what was promised. The news spread like wildfire, and Shilpa and Raj have now decided to respond through their lawyer. Advocate Prashant Patil has issued an official statement, asserting the celebrity couple's innocence and claiming they have all the proof to prove so. Read on to know everything you should about the same.
What Exactly Happened?
As per a Hindustan Times report, Shilpa Shetty and Raj Kundra have a company together called Satyug Gold Private Limited. In 2014, they launched a scheme where anyone wanting to invest would have to make a complete payment for gold at a discounted rate upfront at the time of application. Prithviraj Kothari invested Rs 90,38,600 under a five-year plan on the assurance that he would receive 5,000 grams of 24-carat gold on April 2, 2019. However, as per his complaint, the promised returns were never delivered, and he called the scheme bogus, accusing Shilpa and Raj of fraud. Soon, the Mumbai court ordered a probe into the alleged fraud case.
Raj Kundra & Shilpa Shetty’s Lawyer Issues Statement
In a statement, Prashant Patil, Shilpa Shetty and Raj Kundra’s lawyer, asserted that his clients have not committed any offense. “The complainant had moved a criminal complaint against my clients Raj Kundra and Shilpa Shetty in the year 2022. This complaint was thoroughly investigated by the police in the year 2022 by adopting the due process of law. After thorough investigation, it was found that the complainant had, in fact, received the entire alleged amount of Rupees 90 lacs through legitimate means of payment,” the statement reads.
“My clients bonafidely submitted these documents to the police department. After finding out the truth of the matter, the police delivered justice to my clients. Post this enquiry, the complainant opted to file a private complaint under sec 156(3) CrPC before the Honourable Court. After a passage of almost 2 years, the Honourable Court has directed the police to investigate the case again. We have complete faith in the independence and fairness of the investigation."
“The truth shall prevail. My clients have not committed any offense and it has been established through documents in possession of my clients. The invoice between the complainant and my clients clearly reflects that there is an arbitration clause in the said contract. If the complainant has any grievance about the alleged 'interest amount,' the clause of arbitration can certainly be invoked. However, the act of initiating criminal proceedings for settling commercial disputes has been deprecated by a plethora of judgements from the Honourable Supreme Court and various Honourable High Courts of our country. My clients shall fight this battle legally and shall cooperate with the investigation agencies. My clients reserve their right to sue the complainant for malicious proceedings at the right stage of the proceedings."
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