Raj and Shilpa Fined

SEBI Slams Defty Fine On Raj and Shilpa


Trouble continues to mount for Shilpa Shetty and Raj Kundra as the couple is now facing a hefty fine from the Indian stock market regulator Securities and Exchange Board of India (SEBI). Due to disclosure lapses and violation of insider trading norms, a total fine of Rs 3 lakh has been imposed by the SEBI on Viaan Industries Ltd, Shilpa Shetty Kundra and Ripu Sudan Kundra, more famously known as Raj Kundra. Viaan Industries is under the ownership of Raj who is currently involved in the alleged porn racket. Only July 19th, Raj Kundra was arrested by the Mumbai Crime Branch for alleged production and distribution of pornographic content. He remains in judicial custody, while the cops have also registered Shilpa Shetty’s statement in the matter.