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Sachin Joshi Wins Case Against Raj Kundra & Satyug Gold – See Deets!

Shilpa Shetty’s businessman husband Raj Kundra has moved High Court, challenging his arrest in the alleged porn films scandal.

His custody has been extended till 27th July. The Bombay High Court will review his bail plea on Monday (26th July), as per TOI.

Raj Kundra Bail hearing on 26th July

Apart from this recent scandal, Raj Kundra has previously been embroiled in controversies like IPL Betting, Bitcoin Scam and more. Read the details from this article: 5 CONTROVERSIES Of Raj Kundra! See LIST.

Raj Kundra also hit the headlines for Satyug Gold case. Actor Sachin Joshi (husband of actress Urvashi Sharma) has now won the legal battle against Raj and Shilpa’s former company, Satyug Gold.

Sachin Joshi wins Satyug Gold case

Sachin Joshi had alleged he was cheated under the five-year gold plan, sold as ‘Satyug Gold Sheme’ – wherein a certain fixed quantity of gold is redeemable after five years. In March 2014, Sachin had purchased 1 kg gold for nearly Rs 18.58 lakhs. However, when he went to redeem his gold, he discovered that the SGPL office in Bandra Kurla Complex was shut!

In January this year, Sachin had then filed a complaint against ‘Satyug Gold’ for alleged fraudulent representation and non-receipt of gold after 6 years of payment.

Sachin told the media “My legal battle was merely a representation of many of the investors of Satyug Gold who have invested in the gold scheme at a discounted rate, only to never receive the gold.”

“I was asked to pay Rs 25 lakh to collect Rs 18,57,870 gold after six years of my hard-earned money lying with a company, imagine the state of the common man who must have invested believing a celebrity who endorsed a company as its Chairman. I feel defrauded to say the least. And then I realised that I should stand up against what is wrong as I might be the hope for many others,” Joshi added.

Sachin to be paid 3 lakhs by Satyug Gold for legal proceedings

The court has now directed Satyug Gold to give Joshi possession of his 1 kg gold as well as pay him a 3 lakh fine to make up for the cost of legal proceedings!

Sachin commented on the verdict – “We got our 1 kg gold and 3 lakh of fine that they had to pay us for making us go through this legal process where they were at fault since the very beginning and yes about the cheque bounce case, we will win that too as it was stopped not bounced as we didn’t see any transparency in their dealings. I am glad karma finally caught up with Kundra.”

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