There was an allegation of fraud in the gold scheme
Actor-producer Sachin Joshi has won a case of cheating in a gold scheme against Raj Kundra and Satyug Gold. Raj is the ex-director of Satyug Gold.
Court ruled in favor of Sachin
In this long-running court battle, Sachin Joshi has won. The court directed that Satyug Gold should pay one lakh rupees to Sachin Joshi along with handing over one kg of gold. Along with this, also pay Rs 3,00,000 engaged in legal action.
this was the case
Raj Kundra and Shilpa Shetty started a gold trading company named Satyug Gold Pvt Ltd. Sachin Joshi had alleged that he had invested in the gold card scheme of this company in March 2014. In March 2014, he bought one kg of gold from Satyug Gold Private Limited Company for Rs 18.58 lakh. At that time, he was given a gold card at a concessional rate under a five-year plan. And it was promised that after the expiry of the specified time period, he could take gold in return for it. At the time of investment, Shilpa Shetty and her husband were appointed in key positions in this company. After completing five years in March 2019, when Joshi tried to redeem that card, he came to know that the company’s office in Bandra-Kurla had been closed. Even after this, he kept in touch with the company but did not get any reply.
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