A Mumbai court has ordered a police investigation into allegations against Bollywood actor Shilpa Shetty Kundra, her husband Raj Kundra, and others for allegedly defrauding an investor in a gold scheme. The case involves the company's scheme promising gold delivery, which never materialized for the investor.

A Mumbai court has instructed the police to investigate a complaint against Bollywood actor Shilpa Shetty Kundra, her husband Raj Kundra, and others for allegedly defrauding an investor through a gold scheme.

Additional sessions judge N P Mehta, in a Tuesday order, stated that there is a prima facie case of a cognizable offence against the Kundra couple, Satyug Gold Private Limited—a company founded by them—and two directors and an employee of the firm.

The court has directed the BKC police station to examine the allegations detailed in the complaint by Prithviraj Kothari, managing director of Riddhi Siddhi Bullions. If a cognizable offence is detected, an FIR should be registered under relevant Indian Penal Code sections for cheating and criminal breach of trust.

Advocates Harikrishna Mishra and Vishal Acharya, representing Kothari, stated that the Kundra couple launched a scheme in 2014 requiring investors to make full upfront payments for gold at a discounted rate. Gold was to be delivered on the maturity date. Kothari invested Rs 90,38,600 under a 5-year plan for 5,000 grams of 24-carat gold to be delivered by April 2, 2019, which never happened.

The complaint accuses the Kundra couple of crafting an 'utterly bogus scheme' and conspiring together with other accused to commit offences punishable under IPC provisions for cheating and criminal breach of trust.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)