Shilpa Shetty Raj Kundras advocate on the fraud allegations

Shilpa Shetty and Raj Kundra have been accused of tricking an investor in a gold scheme. The complainant noted that the actress and her husband launched a scheme in 2014, under which, anyone who invests must make the payment in gold. Moreover, an agreed quantity of gold would be delivered to the person at the date of maturity.

The complainant had allegedly invested around 90 lacs in the scheme, but he claimed that the gold was never delivered to him. Now, in a detailed statement, the couple's advocate Prashant Patil noted, "The complainant had a moved a criminal complaint against my clients Raj Kundra and Shilpa Shetty in year of 2022. This complaint was thoroughly investigated by the police in the year of 2022 by adopting the due process of law. After thorough investigation it was found that the complainant had infact received the entire alleged amount of Rupees 90 lacs through legitimate means of payment. 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."

He further added, "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 offence and it has been established through documents in possession of my clients . The invoice between the Complainant and my clients, clearly reflect 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 plethora of judgements of Honourable Supreme Court and various Honourable High Courts of our country."

He concluded his statement by noting that Shilpa and Raj "shall fight this battle legally and shall cooperate with the investigation agencies."

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