Shilpa Shetty and Raj Kundra’s Advocate Gives Statement On the Rs. 90 Lacs Gold Fraud Case

Shilpa Shetty Raj Kundra Gold Case

Shilpa Shetty and Raj Kundra were recently alleged of Rs. 90 lacs fraud by Prithviraj Kothari, the managing director of Riddhi Siddhi Bullions. He claimed that Shilpa and Raj offered a scheme in 2014, in which he invested Rs. 90 Lacs under a 5-year plan to get 5,000 grams of 24-carat gold on April 2, 2019. Now, Shilpa Shetty and Raj Kundra's lawyer, Prashant Patil has released a statement on the matter. Read it below:

The complainant had moved a criminal complaint against my clients Raj Kundra and Shilpa shetty in 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 in fact 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 .

Post this inquiry, 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 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 the plethora of judgements of 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.