ED action on Raj Kundra: Enforcement Directorate (ED) has taken major action against Raj Kundra, husband of Bollywood actress Shilpa Shetty. Raj Kundra’s assets worth Rs 97.79 crore have been seized in the Bitcoin Ponzi scam. This property also includes his flat in Juhu, which is in the name of Shilpa Shetty. Also a bungalow in Pune is also included. Apart from this, ED has also seized some equity shares in the name of Raj Kundra.
ED has taken action under the provisions of the Prevention of Money Laundering Act (PMLA) 2002. In which immovable and movable properties worth Rs 97.79 crore belonging to Ripu Sudan Kundra alias Raj Kundra have been temporarily confiscated. ED had started investigation on the basis of FIR lodged by Maharashtra Police and Delhi Police.
This FIR is against M/s Variable Tech Pvt. Ltd., was registered against Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpi Bhardwaj, Mahendra Bhardwaj and some agents. It has been said in the FIR that these people had obtained bitcoins worth approximately Rs 6600 crore from investors in 2017 on the basis of false promises. During this time people were promised a return of 10 percent. This was a kind of Ponzi scheme. Investors were defrauded heavily.