The Enforcement Directorate announced Thursday that it has seized assets totaling Rs 98 crore, including a bungalow in Pune and equity shares, belonging to actor Shilpa Shetty and her husband Raj Kundra, as part of a money laundering probe.
The investigation revolves around the fraudulent use of investor funds using Bitcoins.
According to a statement by the federal agency, the attached properties comprise a residential flat in Juhu (Mumbai) registered under Shetty’s name, a residential bungalow in Pune, and equity shares under Kundra’s ownership.
Under the provisions of the Prevention of Money Laundering Act (PMLA), a provisional attachment order has been issued to secure these properties valued at Rs 97.79 crore.
The money laundering case stems from FIRs of the Maharashtra Police and Delhi Police against a company named Variable Tech Pte Ltd, Late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj and number of agents, where it was alleged that they had collected huge amounts of funds in the form of Bitcoins (worth Rs 6,600 crore in 2017) from gullible public with the false promises of 10 per cent 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, it claimed, received 285 Bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi scam Amit Bhardwaj for setting up Bitcoin mining farm in Ukraine.
Kundra is still in possession of 285 Bitcoins which are presently valued at more than Rs 150 crore, the ED said.
With inputs from PTI
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ED attaches assets of Shilpa Shetty, Raj Kundra worth Rs 98 cr
