, 2002. The Enforcement Directorate began the investigation on the basis of a number of FIRs which were registered by Delhi Police and Maharashtra Police. It is being said that Kundra collected large sums of money in the form of bitcoins which were worth Rs 6,600 crore in 2017 from the public with the false promises of 10 % monthly return in the form of bitcoins. ED, Mumbai has provisionally attached immovable and movable properties worth Rs. 97.79 Crore belonging to Ripu Sudan Kundra aka Raj Kundra under the provisions of PMLA, 2002. The attached properties include Residential flat situated in Juhu presently in the name of Smt. Shilpa…— ED (@dir_ed) April 18, 2024 The ED said that it was planned that the collected bitcoins will be used for bitcoin mining and investors will get to get a large return in Crypto assets. But the promoters cheated the investors as they concealed the ill-gotten bitcoins in obscure online wallets. The Enforcement Directorate revealed in its investigation 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 Enforcement Directorate in its statement said that the bitcoins were sourced out of proceeds of crime collected by Amit Bhardwaj from gullible investors. Since the deal did not go through, so Kundra is still in possession and enjoyment of 285 bitcoins which are valued at more than Rs 150 crore. Earlier a number of search operations were conducted in connection with this case, leading to the arrest of three people — Simpy Bhardwaj on December 17, 2023, Nitin Gaur on December 29, 2023, and Nikhil Mahajan on January 16, 2023. The post Enforcement Directorate seizes Shilpa Shetty’s husband Raj Kundra’s properties worth Rs 97 crore appeared first on APN News. [ad_2]){kind=link}
The Enforcement Directorate on Thursday seized businessman Raj Kundra’s properties price Rs 97.79 crore. The siezed properties embrace a residential flat in Mumbai’s Juhu, which is known as after his spouse and Bollywood actor Shilpa Shetty. The Enforcement Directorate stated the seized properties embrace one other property which is a residential bungalow in Pune and Fairness shares within the identify of Raj Kundra.
The Enforcement Directorate stated in a press release that the Mumbai zonal workplace of ED has provisionally hooked up immovable and movable properties of Kundra beneath the provisions of Prevention of Cash Laundering Act (PMLA), 2002. The Enforcement Directorate started the investigation on the premise of various FIRs which had been registered by Delhi Police and Maharashtra Police. It’s being stated that Kundra collected giant sums of cash within the type of bitcoins which had been price Rs 6,600 crore in 2017 from the general public with the false guarantees of 10 % month-to-month return within the type of bitcoins.
The ED stated that it was deliberate that the collected bitcoins can be used for bitcoin mining and traders will get to get a big return in Crypto property. However the promoters cheated the traders as they hid the ill-gotten bitcoins in obscure on-line wallets. The Enforcement Directorate revealed in its investigation that Raj Kundra obtained 285 bitcoins from the mastermind and promoter of Achieve Bitcoin Ponzi Rip-off Amit Bhardwaj for establishing bitcoin mining farm in Ukraine.
The Enforcement Directorate in its assertion stated that the bitcoins had been sourced out of proceeds of crime collected by Amit Bhardwaj from gullible traders. Because the deal didn’t undergo, so Kundra continues to be in possession and delight of 285 bitcoins that are valued at greater than Rs 150 crore. Earlier various search operations had been carried out in reference to this case, resulting in the arrest of three individuals — Simpy Bhardwaj on December 17, 2023, Nitin Gaur on December 29, 2023, and Nikhil Mahajan on January 16, 2023.
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