Updated Jun 05, 2018 | 16:05 IST | ET Now Digital
The investigation is related to a Bitcoin mining scam, and the ED officials summoned Shilpa Shetty's husband Raj Kundra to their Mumbai office to determine whether he has links with fraudster Amit Bhardwaj, who was earlier arrested in a Rs 2,000 crore Bitcoin scam.
Shilpa Shetty's husband Raj Kundra has been summoned by ED in relation to a Bitcoin scam. |Photo Credit: BCCL
Mumbai: The Enforcement Directorate (ED) on Tuesday summoned Shilpa Shetty’s husband Raj Kundra in connection with a Rs 2,000-crore Bitcoin mining scam, reported news agency ANI. The businessman was questioned today by the investigative agency in relation to the case, added the news agency. The investigation is related to a Bitcoin scam, and the ED officials summoned Kundra to their Mumbai office to determine whether he has links with fraudster Amit Bhardwaj, according to a report on The Financial Express.
While there is still no clarity in the case and whether Kundra has any links to Bhardwaj, the Bitcoin scam is believed to be worth Rs 2,000 crore. Bharadwaj, a bitcoin entrepreneur, had earlier duped thousands of people to the tune of the aforementioned amount from across the country.
It may be noted that Bhardwaj was earlier arrested at the Delhi Airport in April and was responsible for setting up the first online market for accepting bitcoins in 2014. Apart from that, he also owns mining certain bitcoin mining operations such as Gain Bitcoin and GB Miners, which are also involved in the scam, according to media reports.
Months after the arrest of Amit Bhardwaj, the kingpin in the Rs 2k cr pan-India #BitcoinScam, ED has summoned Raj Kundra in connection w/ the ongoing probe. @iyervijayg1 joins in to help us understand the Bollywood connection & can more celebs be summoned in the days ahead? pic.twitter.com/EBFy49wvgO
ED summons Shilpa Shetty's husband Raj Kundra in connection with #BitcoinScam; Questioning him at Mumbai office today. Here are more details: @TheShilpaShetty @iyervijayg1 pic.twitter.com/YlKFAOriir
Kundra’s name has popped up in the case as he was allegedly one of the promoters of the platforms owned by Bhardwaj, according to an India Today report. The report also indicated that the officials have found the involvement of other film celebrities as well.
The FE report goes on to indicate that Bhardwaj had adopted a strategy to lure investors and promising them higher returns on bitcoins. With an 18 month contract and a 10 per cent return on investment, Bhardwaj promised to make profits for the investors but failed and subsequently fled the country.
Months after the arrest of Amit Bhardwaj, the kingpin in the Rs 2k cr pan-India #BitcoinScam, ED has summoned Raj Kundra in connection w/ the ongoing probe. @iyervijayg1 joins in to help us understand the Bollywood connection & can more celebs be summoned in the days ahead?
In April, Bhardwaj was arrested after Pune Police traced him in Bangkok; seven others were also arrested for involvement in the scam. It should be noted, however, that this is not the first time that Raj Kundra has landed in trouble. Kundra has a life ban from all betting activities related to cricket after he admitted to betting on Indian Premier League games in the past.
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