Shilpa Shetty’s Husband Raj Kundra Suspected in Ponzi Scam, Cash With Juhu House Siezed

Raj Kundra Ponzi Scam: Bollywood actress Shilpa Shetty’s husband and businessman Raj Kundra has once again gained attention. It is suspected that Raj Kundra’s name has been highlighted in a Bitcoin scam. The central investigation agencies investigated a case related to money laundering, and Raj Kundra’s Juhu flat, a bungalow in Pune and shares of Rs 98 Cr have been seized. 

Raj Kundra Bitcoin Scam

According to the ED investigation, Variable Tech’s promoter Amit Bharadwaj received 285 Bitcoins to establish a Bitcoin mining firm in Ukraine. Although this deal did not succeed, Raj Kundra still procured the 285 Bitcoins, worth Rs 150 Cr. The first inquiry into this matter was conducted in June 2018. Variable Tech was started by Ajay Bharadwaj, Mahendra Bharadwaj, and Amit Bharadwaj. In 2018-19, some investors complained about not receiving returns as promised by the company and the police started investigating the firm.