Raj Kundra Case: Businessman’s Cryptic Post After Seizure of Assets Worth Millions

Raj Kundra and Shilpa Shetty have denied any involvement in the Ponzi case. The couple’s assets that have been seized include a residential flat in Juhu, registered in Shilpa Shetty’s name, a residential bungalow in Pune, and equity shares of Mr Kundra.

Their lawyer, Prashant Patil, stated that no prima facie case is made against them and they have faith in a fair investigation. The Ponzi scheme in question is an investment fraud where investors are promised high profits with low risk, but the funds are not invested as claimed.

The recent probe alleges that Mr Kundra received 285 bitcoins from the mastermind behind the Ponzi scheme, purportedly intended to establish a Bitcoin mining farm in Ukraine. However, the deal did not materialize, leaving Mr Kundra with Bitcoins worth over Rs 150 crore.

This is not the first time Mr Kundra has faced a police probe. In 2021, he was arrested in a case involving the production and distribution of pornographic films, but was later granted bail by the Supreme Court.