Raj Kundra and Shilpa Shetty are in the spotlight as the Enforcement Directorate (ED) has temporarily seized their properties valued at Rs 98 crore. This action is part of an investigation into a bitcoin ponzi scheme totaling Rs 6,600 crore.
Raj Kundra and Shilpa Shetty are back in the news, with reports stating that the Enforcement Directorate (ED) has seized their properties worth Rs 98 crore. This includes Shilpa Shetty’s Juhu bungalow. The ED has temporarily attached assets worth Rs 98 crore belonging to Raj Kundra. This action is linked to a bitcoin-based ponzi scheme operated by Variable Tech Private Limited, based in Singapore.
Reportedly Raj Kundra is suspected of bringing a beneficiary in this money laundering probe which of worth rupees 6,600 crore:
ED, Mumbai has provisionally attached immovable and movable properties worth Rs. 97.79 Crore belonging to Ripu Sudan Kundra aka Raj Kundra under the provisions of PMLA, 2002. The attached properties include Residential flat situated in Juhu presently in the name of Smt. Shilpa…
— ED (@dir_ed) April 18, 2024
Previously, Raj Kundra faced arrest in a pornography case, accused of producing adult videos illegally. However, Shilpa Shetty’s husband consistently denied these allegations, maintaining his innocence. Now, with the ED seizing his properties worth Rs 98 crore, many wonder if Raj Kundra will issue a statement regarding this latest development.
Why Raj Kundra’s properties has been attached by ED in Bitcoin ponzi scam case?
According to reports, the collected Bitcoins were meant for Bitcoin mining, promising investors hefty returns in Crypto assets. However, the promoters deceived investors, hiding the ill-gotten Bitcoins in obscure online wallets. It’s also reported that Raj aided in setting up a Bitcoin mining farm in Ukraine, receiving 285 Bitcoins from the scam’s mastermind and promoter, Amit Bhardwaj.
According to reports, the Enforcement Directorate (ED) stated that the Bitcoins were obtained from the proceeds of crime by Amit Bhardwaj from unsuspecting investors. As the deal didn’t go through, Raj Kundra still has possession of and benefits from 285 Bitcoins, currently valued at over Rs. 150 Crore.
Statement released by Raj Kundra and Shilpa Shetty’s lawyer Prashant Patil:
“We’ll abide by the legal process and take necessary steps under the Prevention of Money Laundering Act to safeguard my clients’ liberty and property. At present, there’s no clear case against Mr. Raj Kundra and Mrs. Shilpa Shetty Kundra. We trust the Judiciary to deliver justice. We’re confident that when we present our case to the Enforcement Directorate, even the investigating agencies will ensure fairness. We’re ready to cooperate with the authorities whenever needed.”
Stay Updated with Taza Stories for the Latest News and Updates on Bollywood, Hollywood, South Films, TV Shows, and Web-Series
