{"id":"f-445134d771-b829972b-05eb-5ba7-9f42-ccacc46a3bed","title":"Shilpa Shetty's Husband Raj Kundra Gets Bail In Rs 150 Crore Bitcoin Scam Case - Details Inside","description":"Businessman Raj Kundra, husband of Shilpa Shetty, has been granted bail in the Rs 150 crore bitcoin scam case. The businessman appeared before the PMLA court in Mumbai on February 20. However, according to a news agency, the court maintained that the matter is far from over. Here's all you need to know about the case.","timestamp":1771604505,"category":"entertainment","headline":"Shilpa Shetty's Husband Raj Kundra Gets Bail In Rs 150 Crore Bitcoin Scam Case - Details Inside","modifiedHeadline":"Raj Kundra gets bail In Bitcoin scam case","subCategories":["scid_6b4564d5"],"region":"IN","bundleMetaData":{"bundleId":"74da15a9-6fc0-4d1c-a0ae-61e61b8d229e","bundleTitle":"Celeb Gossip","cardData":null},"iabCategoryId":"380","fcSummary":"Businessman Raj Kundra, husband of Shilpa Shetty, has been granted bail in the Rs 150 crore bitcoin scam case. The businessman appeared before the ...","summary":"Businessman Raj Kundra, husband of Shilpa Shetty, has been granted bail in the Rs 150 crore bitcoin scam case. The businessman appeared before the ...","ctaUrl":"https://trends.glance.com/newz/entertainmentnews/IN/en/timesnow/f-445134d771-b829972b-05eb-5ba7-9f42-ccacc46a3bed","sourceUrl":"https://www.timesnownews.com/entertainment-news/bollywood/shilpa-shettys-husband-raj-kundra-gets-bail-in-rs-150-crore-bitcoin-scam-case-details-inside-article-153655063","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/MNfKHp3V4hM0.webp","content":"

Bollywood actress Shilpa Shetty's husband, Raj Kundra, has been granted bail in the Rs 150 crore bitcoin scam case. The actress' husband appeared before

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the PMLA court in Mumbai on February 20. The businessman got relief in the case by a special court order under the Prevention of Money Laundering Act in the city. According to ANI, Raj's case is regarding alleged financial misconduct linked to a cryptocurrency scheme. It is currently under the scanner of enforcement authorities. That said, while Raj was being granted bail, the special court order maintained that the matter is far from over.

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Raj Kundra gets relief in bitcoin scam case

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\nRaj Kundra appeared before the PMLA court after summons were issued to him in the bitcoin scam case. The businessman had filed bail plea in this matter. It was scheduled for hearing at 1 pm today. According to PTI, the court noted that there is sufficient prima facie available to proceed Raj for punishable offences under the Prevention of Money Laundering Act.\n
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\nThe summons were also issued to Raj, directing him to participate in further legal proceedings in the matter. Although he has been granted interim relief in form of bail, Shilpa's husband will be required to appear before the court as trial and investigation unfolds.\n
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What is bitcoin scam case all about?

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\nThe Enforcement Directorate filed a case alleging that illegal transactions amounting in crores were carried out through an alleged bitcoin-related investment scam. The investors were apparently duped through this network by promising huge profits, the investigating agency claimed. It's also reported that the money was later laundered through cryptocurrency.\n
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\nRaj's role is being investigated in this network by the ED. It is also being investigated whether the businessman earned any financial benefit from it.\n
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More about the case

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\nThe ED has also alleged that Shilpa's husband Raj received 285 bitcoins from the alleged mastermind of the scam for setting up bitcoin mining farm in Ukraine. However, since the deal did not materialise, the businessman is said to be in possession of 285 bitcoins amounting to Rs 150 crore, the investigating agency claimed.\n
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\nAccording to a charge sheet filed, Raj claimed that he only acted as a mediator. But there was no documentary evidence to prove the same. The charge sheet further mentioned that an agreement named 'term sheet' was signed between Raj and the alleged mastermind's father. And considering that, the businessman's claim of only being a mediator was not tenable.\n

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Shilpa Shetty's Husband Raj Kundra Gets Bail In Rs 150 Crore Bitcoin Scam Case - Details Inside

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