Raj Kundra’s rags-to-riches tale may not be true Bhaskar News | Jun 08, 2013, 15:53PM IST Chandigarh: The rags-to-riches story of Raj Kundra, co-owner of Rajasthan Royals, has apparently more to it. Kundra is in trouble over the IPL spot-fixing scam that rocked the entire nation and cricket. He is the son of a migrant who grew up and worked his heart out to become one of the richest Indians in Britain. When the spot-fixing scandal hit the sixth edition of Indian Premier League the arrest of three Rajasthan Royals players including S Sreesanth, Ajit Chandila and Ankeet Chavan, team co-owner Raj Kundra’s involvement in the scam emerged in hushed tones. The co-owner of the franchise may brag in magazine interviews about his ‘rags-to-riches’ story—how he sold Pashmina shawls imported from India in the European market—and made his big bucks and then ventured on to bigger things. Reportedly, Raj Kundra’s own rags-to-riches story has more to it. Reports say that every NRI in London (United Kingdom) knows about the real deal behind his millions. His magic formula was a mega-million VAT fraud. What is VAT fraud? The VAT fraud or VAT scam is a complex system of swindling the government of taxes by creating forging companies. Reports say that many millionaires in the United Kingdom made big bucks through the VAT fraud. Many of them got busted, while others have escaped and continue to thrive in their native countries. Raj Kundra is controversy’s favourite child Raj Kundra is an Indian London-based business personality. He is a self-made millionaire and was the youngest person to appear on the Richest British Asians, in 198th position. In November 2009, he married Indian film actress Shilpa Shetty, amid much controversy. Rumours said that Raj divorced his ex-wife Kavita after a long, bad phase of togetherness. They parted ways months after Kavita gave birth to their child. Reportedly, she blamed Bollywood actor Shilpa Shetty for pressurizing Raj for their divorce.
Posted on: Sat, 08 Jun 2013 10:47:42 +0000
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