Famend businessman Raj Kundra, husband of well-known Indian actress and health professional Shilpa Shetty, is as soon as once more caught in an enormous hassle.
In keeping with Indian media reviews, Shilpa Shetty’s husband Rajkundra’s property price round 100 crores has been confiscated, this property has been seized on the suspicion of Rajkundra’s involvement in a ‘ponzi rip-off’.
In keeping with Indian media, this property price Rs 100 crore additionally features a residential flat in Juhu which is at present registered within the title of actress Shilpa Shetty.
The Enforcement Directorate (ED) has seized the property of Rajkundra throughout its probe associated to the Bitcoin Ponzi rip-off.
What’s a Ponzi scheme?
A ‘Ponzi scheme’ is an open fraudulent platform the place buyers are supplied returns with little or no threat however no cash is invested within the scheme.
As a substitute of investing cash within the scheme, the fraudster (the fraudster) lures increasingly more folks into the enterprise and pays the preliminary buyers a revenue from the current funding funds.
In keeping with Indian media, the ED has filed a number of complaints towards Variable Tech Pvt Ltd, late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Sampi Bhardwaj, Mahendra Bhardwaj and others by the Maharashtra and Delhi police. Testing has began.
In keeping with media reviews, the investigation into the case alleged that the accused (Raj Kundra) invested round Rs 6,600 crore in Bitcoins in 2017 and duped buyers with guarantees of 10% month-to-month returns. was acquired
The Enforcement Directorate has alleged that the promoters of this enterprise duped new buyers and stored the obscure on-line enterprise, Bitcoins, beneath wraps.
Throughout the investigation, the company got here to know that Rajkundra had acquired large compensation from Amit Bhardwaj, the mastermind of the Ponzi scheme.
