The ED has attached assets worth Rs 98 crore of Shilpa Shetty and Raj Kundra in the ongoing Bitcoins fraud case.
In a major update in the Bitcoins fraud case, the Enforcement Directorate (ED) has attached Shilpa Shetty and her husband Raj Kundra’s assets worth Rs 98 crore, including a bungalow in Pune and equity shares, as part of a money laundering investigation.
The attached properties include a residential flat in Juhu, Mumbai, presently in the name of Shetty, a residential bungalow in Pune, and equity shares in the name of Kundra. The case pertains to cheating of investor funds through the use of Bitcoins.
A provisional attachment order has been issued under the provisions of the Prevention of Money Laundering Act (PMLA) to attach these properties worth Rs 97.79 crore, it said.
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.