Raj Kundra Linked to ₹6,600 Crore Ponzi Scheme, Properties Seized

The Enforcement Directorate has seized assets worth nearly ₹100 crore from businessman Raj Kundra amid investigations into a massive Bitcoin scam.

Raj Kundra, husband of Bollywood actor Shilpa Shetty, is under investigation for his involvement in a Bitcoin Ponzi scheme that promised investors 10% monthly returns.
The scam, known as 'Gain Bitcoin', collected ₹6,600 crore from investors using false promises of high returns through Bitcoin investments.
Properties worth ₹97.79 crore, including a flat and a bungalow registered under Shilpa Shetty’s name, have been seized by the ED.
Kundra received 285 Bitcoins, valued over ₹150 crore, for a failed deal to set up a Bitcoin mining farm in Ukraine.
Despite not being the prime accused, Kundra’s assets were seized as part of the ongoing probe into the fraudulent scheme.