The Indian Enforcement Directorate (ED) has filed charges against film businessman Raj Kundra in connection with a major cryptocurrency Ponzi scheme. Kundra is accused of being the beneficial owner of 285 Bitcoins, valued at approximately 15 billion rupees, linked to the late crypto entrepreneur Amit Bhardwaj's scheme, which defrauded investors of 660.6 billion rupees (around $800 million). The ED asserts that Kundra's involvement was not merely as an intermediary but as a direct holder of the illicit assets. The case, affecting thousands of investors, has been under investigation for several years and is now proceeding through the judicial system.
Indian Authorities Charge Raj Kundra in $800 Million Crypto Ponzi Scheme
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.