ED Action on Raj Kundra And Shilpa Shetty

 

The Enforcement Directorate (ED) said on Thursday it has provisionally attached immovable and movable properties worth Rs 97.79 crore belonging to Raj Kundra, businessman and actor Shilpa Shetty’s husband, under the Prevention of Money Laundering Act (PMLA) in the Bitcoin investment fraud case.

Kundra spent two months in Mumbai’s Arthur Road jail in 2021 in connection with a pornography case. He was granted bail in September 2021 by a metropolitan magistrate’s court in Mumbai.

ED’s latest action against Kundra is in connection with the money laundering case which was filed against him based on multiple FIRs registered by Maharashtra Police and Delhi Police against Variable Tech Pte Ltd, (late) Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj, and several multiple level marketing (MLM) agents.

Allegedly, the couple is under scrutiny in connection with a staggering Rs 6600 crore scam. The FIRs alleged the accused had collected huge amounts of funds in the form of Bitcoins (worth Rs 6,600 crore in 2017) from people with false promises of a 10 per cent per month return in the form of Bitcoins.

ED has taken strict action by attaching properties belonging to Raj Kundra, valued at approximately Rs 98 crore. Among the seized assets are Shilpa Shetty's flat in Juhu and a bungalow in Pune.