The Enforcement Directorate has provisionally attached immovable and movable properties worth approximately Rs 97.8 crore belonging to Raj Kundra under the provisions of the Prevention of Money Laundering Act. The attached properties include a residential flat situated in Juhu, currently registered under the name of his wife and Bollywood actor Shilpa Shetty, as well as a residential bungalow situated in Pune.
ED, Mumbai has provisionally attached immovable and movable properties worth Rs. 97.79 Crore belonging to Ripu Sudan Kundra aka Raj Kundra under the provisions of PMLA, 2002. The attached properties include Residential flat situated in Juhu presently in the name of Smt. Shilpa…
April 18, 2024Additionally, equity shares held under the name of Kundra have been included in the list of seized assets.
The money-laundering case stems from FIRs of the Maharashtra and the Delhi police against a company named Variable Tech Pte, late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj and number of agents. They allegedly collected huge amounts of funds in the form of Bitcoins (worth Rs 6,600 crore in 2017) from the public with the false promises of 10% per month return in the form of Bitcoins.
The promoters cheated the investors and have been concealing the ill-gotten Bitcoins in obscure online wallets, the ED alleged.
Kundra received 285 Bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi's Amit Bhardwaj for setting up Bitcoin mining farm in Ukraine. Hre is still in possession of 285 Bitcoins, which are presently valued at more than Rs 150 crore, according to the ED.
(With inputs from PTI)
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