Raj Kundra and Shilpa Shetty's problems seem to have no end. The businessman and his wife are now facing the wrath of ED owing to a money laundering case that alleges them of conducting fraud using bitcoins. The authorities have seized Raj Kundra's assets in connection to the case and attached the joint assets owned by the couple, including their residential bungalow in Pune, Juhu, and equity shares.
Raj Kundra is embroiled in yet another fraud case which alleges him of conducting fraud of Rs. 6,600 crores from the public with false promises of a 10 per cent per month return in the form of Bitcoins. The case dates back to 2017, and the case stems from the FIR lodged against a company named Variable Tech Pvt Ltd. Though the case was filed against the agents, Raj Kundra has emerged as the prominent suspect in it, as a beneficiary.
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On April 18, 2024, Enforcement Directorate seized Raj Kundra's movable properties worth Rs. 98 crore under the provision of PMLA 2002. This includes his Juhu residential property registered under Shilpa Shetty's name and the Pune bungalow as well. Talking about Raj Kundra's involvement in the case, the probe agency added:
"Raj Kundra received 285 Bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi scam Amit Bhardwaj for setting up Bitcoin mining farm in Ukraine."
Talking to the Hindustan Times, Prashant Patil, the advocate of Raj Kundra and Shilpa Shetty for the money laundering case, revealed that all the accusations are false. He added that they completely believe in the country's judiciary department and will cooperate with them throughout the investigation. In his words:
"We shall follow the due process of law and take necessary steps as prescribed under the provisions of the Prevention of Money Laundering Act to protect the liberty and property of my clients. On the face of it , there is no prima facie case made out against my clients Mr Raj Kundra and Mrs Shilpa Shetty Kundra. We have complete faith in the Honourable Judiciary. I believe that when we make our fair representation before the Honourable Enforcement Directorate, even the investigation agencies may grant us justice. We have faith in the fair investigation. We stand committed to cooperating with the authorities as and when required."
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Back in 2022, Raj Kundra was arrested on account of a pornography case. He was accused of making pornography videos for OTT platforms in a deluxe hotel for monetary benifits. Raj Kundra, Poonam Pandey, and Sherlyn Chopra were held accountable in the case, and the former was even imprisoned for the same.
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