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A new trouble has arrived for actress Shilpa Shetty. Two flats of 98 crores of Raj Kundra seized by the Enforcement Directorate. On 18th April Thursday ED seized assets of 98 crore belonging to bollywood actress Shilpa Shetty’s husband Raj Kundra. Among the properties, there are equity shares, a bungalow in Pune, and a flat in Mumbai, Juhu. The enforcement directorate agency has announced this news in an official statement.
ED has seized the property of Raj Kundra in connection with the money laundering case. The property of Raj Kundra is attached by ED because he has a connection with the case of defrauding investors through the use of Bitcoins.
98 crores of Raj Kundra seized, know the reason behind it
On 18th April Ed officially attached immovable and movable properties of Raj Kundra under the provisions of PMLA,2002. The properties that are seized One of them is currently registered in the name of Shilpa Shetty. Department of Enforcement Directorate claims that Raj Kundra has been involved with the money laundering case in the Bitcoin Ponzi Scheme.
Raj Kundra and his Associates earned 6600 crore rupees through Bitcoin in 2017. These earnings were per month percent. Raj Kundra lured people to pay 10. It was accused of a massive Bitcoin scam. The Department of Enforcement Directorate also disclosed that 98 crores of Raj Kundra seized but he has 285 bitcoins till now. Currently, that is worth more than 150 crore rupees.
Know the details of the scam for what 98 crores of Raj Kundra seized
The Ponzi scheme Is a type of fraud in which Investors are promised to get profits with little or no risk. But the money was not invested and instead of investing the focus was on attracting more people. They attract more people and pay it to early investors from the recent investor funding. The Enforcement Directorate had initiated an investigation based on multiple complaints filed by Maharashtra and Delhi police. The complaints were against Variable Tech Private Limited, Late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Shimpi Bhardwaj, Mahendra Bhardwaj, and others.