Mumbai court grants bail to Raj Kundra in Bitcoin scam case
A special court on Friday granted bail to Shilpa Shetty’s husband and businessman Raj Kundra in a money laundering case linked to a bitcoin investment scam.A special PMLA court in Mumbai granted bail after appearing before the court in a case registered by the Enforcement Directorate (ED).
The case is linked to an alleged Bitcoin scam from 2018.
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Soon after being granted bail, Kundra briefly spoke to mediapersons outside the court, saying, “Satyameva Jayate…”.Kundra’s lawyer Prashant Patil also spoke and claimed that the ED had filed a chargesheet against his client but there was no strong basis for it. Raj Kundra has been cooperating with the ED since 2018 and said that he would appear whenever called.“The ED has filed a chargesheet against Raj Kundra. According to us, there is no merit in the chargesheet. Today, we have filed a bail application. From 2018, Raj Kundra is appearing before the ED,” Patil told ANI.“There was never a case where he did not cooperate with the ED. He was granted bail on a surety of Rs one lakh. He has to take permission from the court before going abroad,” he said.The case is linked to FIRs registered in 2018 at Nigdi and Nanded police stations in Pune.
The complaint stated that investors were cheated in the name of Bitcoin mining. The CBI alleged that Kundra received 285 bitcoins from Gain Bitcoin Ponzi scam mastermind Amit Bhardwaj. The agency alleged that Kundra did not share wallet address details linked to these bitcoins. It said he and his wife bought properties at prices well below market prices to make the money appear legitimate.Meanwhile, as per the court’s order, Kundra will now have to follow bail conditions, including taking the court’s permission before leaving the country.
