ED raids Shilpa Shetty's house, her husband has been arrested in money laundering case

Shilpa Shetty News: On Friday, the Enforcement Directorate (ED) team raided the Santacruz residence of Shilpa Shetty's husband and businessman Raj Kundra in the pornography case. The action started at 6 am, and the action is going on at many other places as well. Earlier also Raj Kundra was arrested in the same case. Now ED officials are conducting search operations at 15 other locations including Shilpa Shetty's husband's house, which are spread across many areas of Maharashtra and Uttar Pradesh.

ED notice to Raj Kundra:

Before this raid, on October 3, ED had sent a notice to Raj Kundra to vacate his bungalow in Juhu and farmhouse in Pune. It is alleged that Raj Kundra has a case of money laundering through bitcoin. This notice was challenged by Raj Kundra in the Mumbai High Court, after which ED issued a notice of raid on November 27. However, due to the court hearing, this raid was done on November 19.

What is the whole matter?

This case is of the year 2017, when an investment company 'Gain Bitcoin' was started. This company got people to invest to mine bitcoins, and in return promised a huge return of 10 percent. Many people became a part of this Ponzi scheme and invested a large amount. But in 2018 this company was ruined, and people's money started sinking. After this, a series of complaints started, and Maharashtra Police started investigating the matter.

When this matter reached ED, it made several arrests. Prominent among these arrests was the name of Amit Bhardwaj, the mastermind of 'Gain Bitcoin'. 285 bitcoins were sent to Raj Kundra from Amit Bhardwaj's account, and the value of these bitcoins is said to be around Rs 150 crore. After this, Raj Kundra's name also got added to this scam, which made the matter more complicated.

ED investigation and upcoming steps:

Now ED is investigating this whole case, and the raid at Raj Kundra's house is a part of that. Also, ED has expanded its investigation on other possible aspects of money laundering. This case is raising many questions not only for Raj Kundra but also in the case of financial fraud as a whole, which the investigating agency will have to find answers to.

Conclusion:

There is a long list of allegations against Raj Kundra, and the case may get more complicated after the ED investigation. This case can prove to be a big challenge for Raj Kundra, who is associated with the film industry. Further investigation and legal action can affect not only his career but also his personal life.