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.
