When the ED seizes assets valued at Rs 97 crore in a Ponzi scam, Raj Kundra makes a mysterious post

New Delhi: As part of an investigation into a Bitcoin Ponzi scheme, the Enforcement Directorate (ED) has seized the properties owned by actress Shilpa Shetty and her husband Raj Kundra, valued at Rs 97.79 crore. Raj Kundra sent a mysterious message on Instagram amid the legal issues.

Amid legal issues, Raj Kundra makes a mysterious post.
Raj Kundra, Shilpa Shetty’s husband and businessman, sent a mysterious message on Instagram Stories. A photo of a roaring lion with the lines, “Learning to stay calm when you feel disrespected is a different type of growth,” was dropped by him. He also used the background music from Animal by Ranbir Kapoor.

Property owned by Raj Kundra and Shilpa Shetty seized
Based on many allegations against Variable Tech Private Limited, late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj, and others that Maharashtra and Delhi Police had submitted, the ED opened an investigation. According to the Prevention of Money Laundering Act (PMLA), the investigation agency said on Thursday, April 18, that it has temporarily seized immovable and movable assets valued at Rs 97.79 crore that are owned by Raj Kundra and Shilpa Shetty in connection with the Bitcoin investment fraud case.

According to the central agency, the connected assets consist of a residential property in Pune, an upmarket Juhu apartment registered in Shilpa Shetty’s name, and equity interests in Raj Kundra’s name.

According to the FIRs, the accused allegedly received enormous sums of money in 2017 in the form of Bitcoins valued at Rs 6,600 crore from individuals who were duped into believing they would get a 10% return in Bitcoins.

Raj Kundra and Shilpa Shetty, meanwhile, have both denied having anything to do with the matter.

Prashant Patil, the celebrity couple’s attorney, said in a statement that “my clients, Mr. Raj Kundra and Mrs. Shilpa Shetty Kundra, have no prima facie case made against them.” Even the investigating agencies could be willing to provide us justice if we submit a fair case before the Honorable Enforcement Directorate, in my opinion. We trust the impartial inquiry.

What is a Ponzi scheme?
Ponzi schemes are fraudulent schemes in which investors are promised enormous returns with no risk, but their money is never invested. A con artist concentrates on seducing additional individuals while using the money from more recent investors to pay profits to the original investors.