Raj Kundra Under ED Lens In Bitcoin Scam

Mumbai: The Enforcement Directorate (ED) on Friday swooped on the homes and offices of businessman Raj Kundra and others in Mumbai and Uttar Pradesh, in connection with ongoing investigations into the bitcoin scam case, official sources said here. Among those raided include Ripu Sudan Kundra alias Raj Kundra - the husband of Bollywood actress Shilpa Shetty - and a few of his associates, with the ED teams searching some 15 locations in the two states.

The latest action is purportedly linked to a money-laundering probe arising out of the bitcoin scam in which Kundra and others had allegedly collected around Rs6,600 crore in 2017 from the public with tall promises of a 10 per cent/month return in the form of Crypto assets.