Enforcement Directorate (ED) has attached properties worth around 98 crore rupees of businessman Raj Kundra. The attached properties include a residential flat in the name of his wife and actor Shilpa Shetty, bungalow and equity shares in the name of Mr Kundra. The action has been taken under the provisions of Prevention of Money Laundering Act.
ED has initiated investigation on the basis of multiple FIRs registered by Maharashtra and Delhi Police against several multi-level marketing agents, where it was alleged that they had collected 6,600 Crore rupees in the form of Bitcoins from the gullible public with the false promises of 10 per cent return. ED investigation revealed that Mr. Kundra received 285 Bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi Scam for setting up a Bitcoin mining farm in Ukraine.
