In a recent development, Gauri Khan, the wife of Bollywood actor Shahrukh Khan, has received a notice from the Enforcement Directorate (ED) in connection with an alleged financial irregularity case. The scrutiny revolves around Gauri’s role as the brand ambassador for the real estate company, Tulsiyani Group, based in Lucknow.
Background of Gauri Khan’s Association with Tulsiyani Group
Gauri Khan, a renowned film producer and interior designer, was appointed as the brand ambassador for Tulsiyani Group in 2015. The company’s prominent project is located in Sushant Golf City, Lucknow, and gained attention for its affiliation with Kiriteet Jasvant Shah, who purchased a property for INR 85 lakhs in 2018.
Allegations and Legal Action
Kiriteet Shah has lodged a complaint, alleging a financial fraud of INR 30 crores by the company, involving investors and banks. He claims that despite the purchase, he did not receive possession of the flat, nor was the money refunded. Consequently, legal action was initiated against Tulsiyani Group directors Anil Kumar Tulsiyani, Mahesh Tulsiyani, and Gauri Khan.
ED’s Notice to Gauri Khan
The Enforcement Directorate has now directed Gauri to provide information regarding the payments made to her as the brand ambassador. The notice seeks details about the financial transactions, agreements, and documentary evidence related to her association with Tulsiyani Group. The ED aims to investigate the nature of the agreement and the quantum of payment made to Gauri Khan.
Kiriteet Shah’s Complaint
Kiriteet Shah, dissatisfied with the non-delivery of the flat and the alleged financial discrepancies, filed a case against Anil Kumar Tulsiyani, Mahesh Tulsiyani, and Gauri Khan. The ED’s intervention follows Shah’s accusations of breach of trust and financial misconduct.
Previous Legal Actions
In February 2022, Kiriteet Shah had already lodged a case against Tulsiyani Group directors and Gauri Khan for their failure to deliver the promised flat and refund the money. The case highlights the challenges faced by investors when developers do not fulfill their contractual obligations.
in conclusion, As Gauri becomes entangled in the investigation by the Enforcement Directorate, the case sheds light on the complexities and challenges within the real estate sector. The allegations of financial irregularities, non-delivery of promised properties, and subsequent legal actions underscore the importance of transparency and accountability in real estate dealings. As the investigation unfolds, it remains to be seen how this case will impact both Gauri Khan’s association with Tulsiyani Group and the broader conversation around ethical practices in the real estate industry.
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