Businessman Raj Kundra’s properties worth nearly Rs 98 crore, including his wife Shilpa Shetty’s Juhu flat, has been seized by Enforcement Directorate (ED). The Mumbai Zonal Office has provisionally attached immovable and movable properties worth Rs. 97.79 crore belonging to Ripu Sudan Kundra aka Raj Kundra under the provisions of Prevention of Money Laundering Act (PMLA), 2002. The attached properties include Residential flat situated in Juhu presently in the name of Shilpa Shetty, sesidential bunglow situated in Pune and equity shares in the name of Raj Kundra.
ED initiated investigation on the basis of multiple FIRs registered by Maharashtra Police and Delhi Police against M/s Variable Tech Pte Ltd, late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj and number of MLM agents, wherein it has been alleged that they had collected huge amounts of funds in the form of Bitcoins (worth Rs 6,600 crore in 2017 itself) from the gullible public with the false promises of 10 percent per month return in the form of Bitcoins.