ED attaches properties worth Rs 97.79 Cr against Raj Kundra under PMLA

The Enforcement Directorate (ED) has attached properties worth Rs 97.79 crore of Shilpa Shetty’s husband Raj Kundra under the provisions of Prevention of Money Laundering Act PMLA 2002. The agency, among the seized properties, has also attached the Juhu flat that is in the name of the actress, as well as shares and others, in connection with a Bitcoin ponzi scam of nearly Rs 7,000 crore.

Following multiple FIRs registered by the Maharashtra Police and Delhi Police against one Variable Tech Private Limited and other accused including against late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, and Mahender Bhardwaj, the agency initiated an investigation. The ED has attached properties including a bungalow situated in Pune and equity shares in the name of Raj Kundra.

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According to the ED, Kundra received 285 Bitcoin from Amit Bhardwaj, alleged to be behind the ponzi scheme, for establishing a Bitcoin mining farm in Ukraine. These cryptocurrency assets currently are valued at Rs 150 crore, and were obtained from proceeds of crime, collected by Bhardwaj from unsuspecting investors. 

Enforcement Directorate (#ED) attaches properties worth around Rs 98 crore of businessman #RajKundra.

The attached properties include a residential flat in the name of his wife and actor #ShilpaShetty, bungalow and equity shares in the name of Mr. Kundra.

The action has been… pic.twitter.com/vgw8XVBQAA

— All India Radio News (@airnewsalerts) April 18, 2024