Indian businessman Raj Kundra faces charges from the Enforcement Directorate (ED) for his alleged role in a $31 million cryptocurrency scam. Kundra is accused of possessing 285 Bitcoins, reportedly received from Amit Bhardwaj, the late orchestrator of the GainBitcoin fraud. The ED alleges that Kundra concealed illicit funds through property transactions with his wife, actress Shilpa Shetty, and failed to disclose Bitcoin wallet addresses.
The case involves Variable Tech Private Limited and the Bhardwaj family, who are accused of running multiple fraudulent crypto schemes from 2015 to 2018, affecting over 8,000 investors. Rajesh Satija is also implicated in the ongoing investigation.
Raj Kundra Charged in $31 Million Crypto Scam by Indian Authorities
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