Shilpa Shetty and her husband Raj Kundra were named in an alleged scam concerning the Satyug Gold Pvt. Ltd, a gold trading company of which they are ex-directors. A Non-Resident Indian businessman, currently in Mumbai, Sachiin J Joshi claimed in a police complaint that he was reportedly lured and then cheated by SGPL’s ‘Satyug Gold Scheme’, launched around 2014.
Joshi has lodged a criminal complaint of cheating, fraud, and other charges against Shilpa Shetty, Raj Kundra and officials of SGPL such as Ganpati Chaudhary, Mohammed Saifi, and others with the Khar Police Station in Mumbai. SGPL was formerly known as Avyaan Gems & Jewellery Pvt Ltd with its offices in Bandra Kurla Complex.