Bitcoin Ponzi Scheme Case: ED attaches assets worth Rs 98 Crore linked to Shilpa Shetty and her husband Raj Kundra

New Delhi: In the Bitcoin Ponzi Scheme (Bitcoin) case, the ED’s Mumbai branch attached properties worth Rs 97.79 crore belonging to film actress Shilpa Shetty and her husband Raj Kundra under the PMLA Act. Also included is a bungalow in Pune.

Apart from this, some shares in the name of Raj Kundra were also seized by the ED. Explain that the ED had started the investigation under PMLA based on different FIRs registered in Maharashtra.

It was alleged that M/s Variable Tech Private Limited, late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahendra Bhardwaj and other MLM agents received bitcoins worth about Rs 6600 crore in the year 2017 from investors on the basis of bogus promises, who were assured of 10% returns and used them for personal interests in Bitcoin mining.  It was a kind of Ponzi scheme.

It is alleged that Raj Kundra had obtained 285 bitcoins from the mastermind of this scam, these bitcoins were obtained by Amit Bhardwaj by defrauding investors and investing in Bitcoin mining in Ukraine.