Categories: Bitcoin In India
June 6, 2018
| On 12 months ago

ED summons Shilpa Shetty’s husband, Raj Kundra in a Bitcoin Scam case

By Shalini Singh @Shalini_Singh15

Raj Kundra, Chairman of Viaan Industries was questioned by the Enforcement Directorate.

The British-Indian business was interrogated in connection with the Gain Bitcoin case where more than 8,000 people were duped to the tune of Rs. 2,000 crores from across the country.

Kundra is suspected to be involved in money laundering who had invested in the virtual currency and profited from it.

Raj Kundra’s name turned up following alleged links with Bitcoin Scamster Amit Bhardwaj, founder of GainBitcoin.

The Enforcement Directorate had registered a criminal case against Bitcoin-based investment website GainBitcoin under the Prevention of Money Laundering Act (PMLA).

Allegedly, nearly 8,000 investors lost around Rs. 2,000 crore funds by investing in this scam.

Amit Bhardwaj and Vivek were arrested in April for being the masterminds of the crypto scam. Bhardwaj brothers are residents of Shalimar Bagh area and founders and CEOs of GainBitcoin, GB Minors and GB21.

Kundra said while leaving the ED office, “ED questioned me as a witness. There’s an Amit Bhardwaj, who is involved in the scam. We had allotted him a team for our poker league because we thought that he was a respectable person. But, his contract was terminated soon after he failed to make payments.”

During the budget session in March, Finance Minister Arun Jaitley clarified that the digital currencies and Bitcoins were not legal currencies and cautioned the people to beware of its consequences if they go for investing in the cryptocurrencies.

Shalini Singh @Shalini_Singh15

A Writer | A Reader | Above all- A Human Being constantly looking forward to pushing the envelopes!

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