Bitcoin Scam
ED chargesheets Shilpa Shetty's husband Raj Kundra in Rs. 150 cr bitcoin scam
New Delhi/IBNS: The Enforcement Directorate (ED) has named Bollywood actress Shilpa Shetty's husband Raj Kundra in the Rs. 150-crore bitcoin scam, media reports said.
The ED has alleged Raj was the "beneficial owner" of 285 bitcoins and not just a mediator as he has claimed, Economic Times reported.
As per the chargesheet filed before a PMLA court, Raj had received the bitcoins worth Rs. 150.47 crore from the crypto-scam mastermind Amit Bhardwaj.
The ED claimed Raj hid important evidence and also failed to surrender the bitcoins that he received from Bhardwaj.
Kundra continued to enjoy the proceeds of the crime, the central probe agency alleged.
The case was filed on the basis of FIRs registered by Maharashtra Police and Delhi Police against Variable Tech Pvt. Ltd., Amit Bhardwaj and other associates.
According to the report by ET, Bharadwaj cheated the investors by hiding the bitcoins in "obscure online wallets" after luring them with promise of high returns through crypto mining.
The probe agency alleged Kundra received 285 bitcoins from Bhardwaj to set up a bitcoin mining firm in Ukraine, the report said.
When the firm couldn't be built, Kundra did not leave the possession of the bitcoins.
Apart from Kundra, businessman Rajesh Satija has been named in the chargesheet.
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