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Shilpa Shetty & Raj Kundra: ED Seizes Assets Worth 97 Crores, Including Shilpa Shetty’s Lavish Bungalow

Shilpa Shetty & Raj Kundra: ED Seizes Assets Worth 97 Crores, Including Actress’s Lavish Bungalow. The Enforcement Directorate (ED) has made a significant move against businessman Raj.

Shilpa Shetty & Raj Kundra: ED Seizes Assets Worth 97 Crores, Including Shilpa Shetty’s Lavish Bungalow

On Thursday, properties worth Rs. 97 crore belonging to Kundra were seized. The ED has confiscated a flat and a bungalow registered under the name of the actress. Kundra’s involvement in a pornography case in 2021 led to his arrest, though he was subsequently released on bail after a few months.

Shilpa 3 jpg Shilpa Shetty & Raj Kundra: ED Seizes Assets Worth 97 Crores, Including Shilpa Shetty's Lavish Bungalow

Under the Prevention of Money Laundering Act (PMLA) of 2002, this action has been initiated against Raj Kundra. The ED has additionally confiscated a flat in Juhu registered under actress Shilpa Shetty’s name, a bungalow in Pune, and several equity shares owned by Shilpa’s Husband Raj.

The ED is currently probing a money laundering case involving Raj. He is under investigation by the ED regarding his involvement in a cryptocurrency-related matter. Conducting business transactions using cryptocurrencies like Bitcoin is prohibited in India. However, the investigative agency claims that Raj manipulated transactions by engaging in business activities using cryptocurrencies.

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In 2018, the Enforcement Directorate initiated an investigation into Raj Kundra’s involvement in a Rs 2000 crore Bitcoin scam. An ED official stated that Raj was being questioned in connection with a case filed at the Thane Crime Branch. At that time, it remained uncertain whether Raj had any culpability in the scam or if he was a victim, as per the official. However, the recent confiscation of property may exacerbate Raj Kundra’s legal challenges.

  1. What is the total property of Shilpa Shetty?

    Shilpa Shetty’s net worth is also estimated at Rs 150 crore.

Read More-
Shilpa Shetty Candid Revelation: Reflecting on Her Bollywood Struggles
Shilpa Shetty House Kinara: Step Inside and Explore 15 Captivating Photos and Videos of Shilpa Shetty’s Rs. 100 Crore Lavish Mumbai Retreat

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Raishya Das
Raishya Das
I am pursuing CMA and my favourite passtime is binge watching movies and web series.
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