The Enforcement Directorate has seized businessman Raj Kundra's properties worth Rs 97. 79 crore (over Rs 900 million approx). Kundra is married to Bollywood actress Shilpa Shetty. The attached properties include a residential flat in Mumbai's Juhu- which is registered under Shilpa's name.&nbsp; 
 
Another property is a residential bungalow in Pune and Equity shares in the name of Raj Kundra, the ED said. 
 
On Thursday, the agency issued a statement informing that the Mumbai zonal office of ED has provisionally attached immovable and movable properties of Kundra under the the provisions of Prevention of Money Laundering Act (PMLA), 2002. 
 
The ED initiated an investigation based on multiple FIRs registered by Maharashtra Police and Delhi Police.&nbsp; 
 
According to FIRs lodged, Kundra and his associates had allegedly collected huge amounts of funds in the form of bitcoins (worth Rs 6,600 crore in 2017) from the “gullible public with the false promises of 10 per cent per month return in the form of bitcoins”. 
 
“The collected bitcoins were supposed to be utilized for bitcoin mining and investors were supposed to get huge returns in Crypto assets. But the promoters cheated the investors and have been concealing the ill-gotten bitcoins in obscure online wallets,” the probe agency said. 
 
ED investigation revealed that 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. 
 
“The said bitcoins were sourced out of proceeds of crime collected by Amit Bhardwaj from gullible investors. Since the deal didn’t materialize, Kundra is still in possession and enjoyment of 285 bitcoins which are presently valued at more than Rs 150 crore, the Enforcement Directorate statement read.

Three people have been arrested previously in connection with this case. Simpy Bhardwaj on December 17, 2023, Nitin Gaur on December 29, 2023, and Nikhil Mahajan on January 16, 2023.

(With agency inputs)

The Enforcement Directorate has seized businessman Raj Kundra's properties worth Rs 97. 79 crore (over Rs 900 million approx). Kundra is married to Bollywood actress Shilpa Shetty.

The Enforcement Directorate has seized businessman Raj Kundra's properties worth Rs 97. 79 crore (over Rs 900 million approx). Kundra is married to Bollywood actress Shilpa Shetty. The attached properties include a residential flat in Mumbai's Juhu- which is registered under Shilpa's name. Another property is a residential bungalow in Pune and Equity shares in the name of Raj Kundra, the ED said. On Thursday, the agency issued a statement informing that the Mumbai zonal office of ED has provisionally attached immovable and movable properties of Kundra under the the provisions of Prevention of Money Laundering Act (PMLA), 2002. The ED initiated an investigation based on multiple FIRs registered by Maharashtra Police and Delhi Police. According to FIRs lodged, Kundra and his associates had allegedly collected huge amounts of funds in the form of bitcoins (worth Rs 6,600 crore in 2017) from the “gullible public with the false promises of 10 per cent per month return in the form of bitcoins”. “The collected bitcoins were supposed to be utilized for bitcoin mining and investors were supposed to get huge returns in Crypto assets. But the promoters cheated the investors and have been concealing the ill-gotten bitcoins in obscure online wallets,” the probe agency said. ED investigation revealed that 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. “The said bitcoins were sourced out of proceeds of crime collected by Amit Bhardwaj from gullible investors. Since the deal didn’t materialize, Kundra is still in possession and enjoyment of 285 bitcoins which are presently valued at more than Rs 150 crore, the Enforcement Directorate statement read. Three people have been arrested previously in connection with this case. Simpy Bhardwaj on December 17, 2023, Nitin Gaur on December 29, 2023, and Nikhil Mahajan on January 16, 2023. (With agency inputs)

ED seizes Shilpa Shetty- Raj Kundra's property worth over Rs 900 million 

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ED seizes Shilpa Shetty- Raj Kundra's property worth over Rs 900 million