Started own business at the age of 18
Raj Kundra started his business at the age of 18. Born in a middle class family, Raj was brought up with difficulties by his parents. Raj Kundra’s father Balkrishna used to work as a minor bus conductor in Britain. For money from childhood, Raj Kundra started business as soon as he was 18 years old, because his father had said that either run our restaurant or start his own business. Taking this seriously, Raj started his journey. Raj Kundra could not complete his college studies and then started his business with a capital of only 1.5 lakh rupees.
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Raj Kundra’s fate changed in the year 1944
Raj first went to Dubai with some money in his pocket. Met the diamond traders, but the matter did not work out. Raj reached Nepal in the year 1994 and the pashmina shawls here changed his fortunes. Bought some pashmina shawls and started selling them through some branded stores in UK. In the very first year, he made a profit of about 20 million pounds. As soon as this business grew, so soon the competition in it also increased. Now Raj had enough money to try his hand at other businesses. But Raj did not stop only in the business of importing shawls.
After this, Raj again went to Dubai to do diamond business. Seeing business opportunities in countries like Russia, Ukraine and United Arab Emirates, Raj also ventured into mining, real estate and renewable energy. Raj currently owns or holds a stake in about 10 companies in different sectors. Raj Kundra was ranked 198th by a British magazine in 2004 in the list of the richest Asian British.
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Raj is caught in betting in IPL (raj kundra controversy)
Raj Kundra also earned crores of rupees from IPL. However, in the year 2012, Raj Kundra was also accused in the IPL spot-fixing case and he was also arrested. In the year 2018, Raj’s name was allegedly involved in the Bitcoin scam. According to the Pune crime branch, some Bollywood actors were promoting an illegal scam to invest money in bitcoins. A lot of money was recovered after the police came down heavily on this racket. It is said that up to Rs 2 thousand crore was recovered.
fraud with textile company
In 2017, a textile company accused Kundra of fraud of Rs 24 lakh. In the complaint lodged, the textile company has said that the money collected by Raj Kundra and his wife actress Shilpa Shetty in the name of the particular company was never given to them. The police had registered a complaint against him.
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Now trapped in pornography
Mumbai Police has arrested Shilpa Shetty’s husband and businessman Raj Kundra for making pornographic films i.e. pornographic films and providing them through an app. The court has sent Raj Kundra to police custody till July 23. According to the Mumbai Police, a case was registered against Raj in February this year. Raj has invested 8-10 crores in the porn film industry.
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