(Image source from: Instagram.com/theshilpashetty)
ED attaches the properties of Shilpa Shetty:- The Enforcement Directorate (ED) of Mumbai has seized immovable and movable properties worth Rs 2 million. 9,779 million is vested in Raj Kundra under the provisions of PMLA 2002. The attached properties include a residential flat in Juhu, currently in the name of actor Shilpa Shetty, a bungalow in Pune and shares in the name of Raj Kundra. The investigating agency claimed that the attached assets purchased by Kundra were points of contact (POC) in the virtual currency case being investigated by the ED. The money laundering case has been investigated by the Maharashtra Police and the Delhi Police against a company called Variable Tech Pte Ltd, the late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpi Bhardwaj, Mahender Bhardwaj and It stems from an FIR lodged against a number of agents allegedly involved in money laundering. Money laundering involved collecting huge sums of money (equivalent to Rs 6.6 billion in 2017) in the form of Bitcoin from gullible citizens with false promises of 10 percent monthly returns in the form of Bitcoin.
Investigators alleged that the organizers deceived investors and hid the fraudulently obtained Bitcoins in obscure online wallets. According to the ED, Kundra received 285 Bitcoins from Gain Bitcoin Ponzi mastermind and promoter Amit Bhardwaj for starting a Bitcoin mining farm in Ukraine. According to the ED, Kundra still holds 285 Bitcoins, which are currently worth over Rs 150 million.
