Shilpa Shetty Raj Kundra Assets Worth 98Cr Attached: ED
In a recent development, the Enforcement Directorate (ED) has taken action to seize assets worth Rs 98 crore associated with actor Shilpa Shetty and her spouse Raj Kundra. The ED disclosed on Thursday that this measure is part of an ongoing investigation into money laundering activities.
The investigation centers on the fraudulent solicitation of investor funds through the use of Bitcoins. Among the seized assets are a bungalow located in Pune and equity shares. Specifically, a residential flat situated in Juhu, Mumbai, registered under Shilpa Shetty’s name. Along with a residential bungalow in Pune and equity shares held by Raj Kundra. Have been identified and attached by the federal agency.
A provisional attachment order has been issued under the Prevention of Money Laundering Act (PMLA) for the attachment of these assets valued at Rs 97.79 crore. According to the ED’s statement. The origins of this money laundering case trace back to First Information Reports (FIRs). Filed by both the Maharashtra Police and Delhi Police against a company named Variable Tech Pte Ltd. Along with individuals such as Late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj, and several agents.
Shilpa Shetty Raj Kundra Assets Worth 98Cr Attached: ED
These reports allege that substantial sums of funds, equivalent to Rs 6,600 crore in 2017. Were amassed from unsuspecting members of the public under false pretenses of a 10 percent monthly return in the form of Bitcoins. According to the ED, the perpetrators, also referred to as promoters, systematically deceived investors and concealed illicitly obtained Bitcoins within obscure online wallets.
The ED further asserts that Raj Kundra received 285 Bitcoins from Amit Bhardwaj. Identified as the mastermind and promoter of the Gain Bitcoin Ponzi scheme, to establish a Bitcoin mining farm in Ukraine. Presently, Kundra retains possession of these 285 Bitcoins, which are valued at over Rs 150 crore.
This latest development underscores the ongoing efforts of law enforcement agencies to combat financial fraud and money laundering activities within the country.