Bollywood actor Shilpa Shetty and her husband Raj Kundra’s properties worth INR970 million were seized in case related to Bitcoin Ponzi scheme.

Enforcement Directorate (ED) of India has attached their residential flat in Juhu in name of Kundra’s wife Shilpa Shetty, bungalow in Pune and his equity shares as part of its money-laundering probe related to alleged INR60 billion Bitcoin Ponzi scheme, an Indian media outlet reported.

Shilpa Shetty’s husband Raj Kundra is suspected to have received 285 bitcoins, currently valued at around INR1.5 billion, from prime suspect of scam to set up Bitcoin mining farm in Ukraine. According to Indian authorities, Singapore-based firm Variable Tech Pte Ltd had allegedly received 80,000 bitcoins worth INR60 billion from investors across India and promised high returns.

Published in The Daily National Courier, April, 20 2024

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