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Mumbai: Shilpa Shetty’s husband and prominent businessman Raj Kundra has received an important legal relief. Mumbai’s special PMLA (Prevention of Money Laundering Act) court has granted him bail in a possible Rs 150 crore Bitcoin scam case. This case is related to money laundering, which is being investigated by the Enforcement Directorate (ED).
granted bail from court
During the hearing on the bail plea of Raj Kundra, lawyer Prashant Patil presented arguments in the court that there is no concrete evidence in the charge sheet. Kundra has fully cooperated with the ED since 2018 and has never obstructed the investigation. While granting the bail, the court has also set some conditions, which include a surety bond of Rs 1 lakh and it is necessary to take prior permission from the court for traveling abroad.
Raj Kundra’s reaction
After getting bail, Raj Kundra told the media, “I had full faith in the justice system. I knew I had done nothing wrong. The court understood this and gave relief. Now I will follow all the procedures.” Expressing his happiness, he also mentioned “Satyamev Jayate”. It is being said that this case is related to a big Bitcoin Ponzi scheme, in which ED alleges that Kundra had received 285 Bitcoins from the main accused in the scam, Amit Bhardwaj. Their current price is around Rs 150 crore. These bitcoins were given to a mining farm in Ukraine.
legal troubles before
The ED had presented a supplementary charge sheet last year, on the basis of which the court took action. It is noteworthy that Raj Kundra has faced legal cases before and has also spent a jail term in a pornography related case. However, this time getting bail in the Bitcoin case is a positive news for him. This is a moment of relief for Shilpa Shetty and her family. Although the investigation is ongoing, after getting bail, Kundra will now be able to focus on his business and family life.
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