ED Attaches Actress Shilpa Shetty's Juhu Flat, Raj Kundra's Properties In Money Laundering Case

The Enforcement Directorate has provisionally attached immovable and movable properties worth Rs 97.79 Crore belonging to Ripu Sudan Kundra aka Raj Kundra in connection with a money laundering case, the agency said in a statement on Thursday.

His properties have been attached under the criminal sections of the Prevention of Money Laundering Act (PMLA).

The attached properties include a Residential flat situated in Juhu presently in the name of Shilpa Shetty, Residential Bungalow situated in Pune and Equity shares in the name of Raj Kundra, the ED said.

The money laundering case originates from FIRs filed by the Maharashtra Police and Delhi Police against Variable Tech Pte Ltd, Late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj, and several agents.

Allegations suggest they amassed significant funds in Bitcoins (worth Rs 6,600 crore in 2017) from unsuspecting individuals, promising a monthly return of 10 percent in Bitcoins.

According to the Enforcement Directorate (ED), the promoters deceived investors and hid the illicitly gained Bitcoins in obscure online wallets. Additionally, the ED claimed that Kundra received 285 Bitcoins from Amit Bhardwaj, the mastermind and promoter of the Gain Bitcoin Ponzi scheme, to establish a Bitcoin mining farm in Ukraine.

As per the ED, Kundra currently possesses 285 Bitcoins, valued at over Rs 150 crore.