The Directorate for enforcement (ED) filed an indictment against her husband actress Shilpy Shetty Raj Kundra for alleged involvement in bitcoin fraud ‘, according to the PTI report.
The investigative agency claimed that Kundra was a non -leakage in operations, and not only the intermediary for transactions, as he claimed, added.
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What did ED say about the role of Raj Kundry in Bitcoin fraud?
In the charging certificate, which was recently filed before a special court for the prevention of the Money washing Act (PMLA), Kundra has 285 bitcoins, currently appreciated £150.47 Crore, which have been received from late crypto-scam Mistramind Amit Bhardwaj.
Ed claimed that Kundra intentionally hid fundamental evidence, including Bitcoin’s wallets, and couldn’t give up the Bitcoins received from Bhardwai.
The probe agency argued that Kundra continues to hold and pleasure in this proceeds of crime (Bitcoins).
Ed also stated that he had made a “real transaction” with his wife Shilp Shetty for “far below the market rate” to obscure the origin of such funds obtained by the commissions of criminal activities.
Thus, he tried to frustrate the proceedings under the PMLA by layering the proceeds of crime and by the reflection of the same as Untinted, Ed claimed to be accused.
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What is a bitcoin fraud?
The case for washing money stems from the FIRs filed by the Mahashtra and Delhi Police against the company called Variable Tech Private Limited, Late Amor Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj and Mahender Bhardwaj.
According to ED, bitcoins were to be used for mining and investors were to get huge yields in crypto assets, but promoters “cheated” and hid “poorly acquired” bitcoins in dark online wallets.
Kundra received 285 bitcoins from “MasterMind” and the promoter of Bitcoin Ponzi “Scam” Amit Bhardwaj for establishing a bitcoin mining farm in Ukraine. Since the agreement has not taken place, Kundra still holds 285 bitcoins currently appreciated for more than £150 crore, Ed said.
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What does Ed Chargesheet say?
The indictment said Kundra claimed that she worked as a mediator in the transaction, but did not provide “any basic documentary evidence to do it”. On the contrary, an agreement called “term” was signed between him and Mahendra Bhardwaj, she said.
“So it can be safely concluded that the agreement was actually between Raj Kundra and Amit Bhardwaj (his father Mahender Bhardwaj) and the argument that Kundra gave as a mere mediator is not sustainable,” said Chargesheet.
The fact that Kundra remembers the exact number of bitcoins received in five specific tranches for more than seven years since the transactions were transailed, “it strengthens the fact that he was indeed a beneficiary of the bitcoins as a beneficial owner and did not only as a mediator”, Chargesheet said.
Despite more occasions since 2018, Kundra did not consistently provide the addresses of the wallet, where 285 bitcoins were transferred, the complaint said.
Soon after his initial statement, he quoted damage to his iPhone X as the reason for the lack of information that Ed considered as a deliberate attempt to destroy evidence and hide the proceeds of crime. In addition to Kundra, he is the second person named in the indictment of the entrepreneur Rajesh Satija.
(Tagstotranslate) Raj Kundra
