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Shilpa Shetty Questioned By Mumbai EOW For 4.5 Hours At Her Residence In ₹60 Crore Fraud Case

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**Bollywood Actress Shilpa Shetty and Husband Raj Kundra Under Investigation in Rs 60 Crore Fraud Case**

Bollywood actress Shilpa Shetty and her husband, Raj Kundra, are currently under investigation in a Rs 60 crore fraud case. According to sources from the Economic Offences Wing (EOW), Kundra allegedly transferred around Rs 15 crore of the total amount to a company account owned by Shetty.

**Shilpa Shetty Questioned by EOW in Rs 60 Crore Fraud Case**

In the latest development, Shilpa Shetty was questioned by EOW officials in Mumbai for over four and a half hours regarding her role and financial involvement in the case. Officials are verifying the flow of funds and the purpose behind the alleged transfers. So far, statements from five people, including Raj Kundra, have been recorded by the authorities.

**Shilpa Shetty Shares Bank Details During Interrogation**

During the interrogation, Shilpa Shetty provided information about her bank statements and shared details related to the alleged transactions that took place in the bank account of her advertising company. The police took several crucial documents from the actress, which are now under examination by the officials.

In September, the Economic Offences Wing of Mumbai Police had recorded the statement of Raj Kundra as part of the ongoing probe. Mumbai Police had issued a summon to Kundra, asking him to appear before them for investigation.

**Mumbai Police Statement**

An official update from Mumbai Police read:
“Investigations are going on against actress Shilpa Shetty and her husband Raj Kundra in an alleged fraud case of Rs. 60 crore. A summon was issued by the Economic Offences Wing of Mumbai Police to Raj Kundra. He was asked to appear before police for the investigation.”

**Bombay High Court Denies Shilpa Shetty and Raj Kundra’s Phuket Travel Plea**

The couple had earlier requested permission from the Bombay High Court to travel abroad for a family vacation in Phuket, Thailand, from October 2 to 5. They cited confirmed bookings for travel and stay as part of their plea. However, the court denied their request.

Shilpa Shetty and Raj Kundra had filed a petition seeking a stay on the lookout notice issued by Mumbai Police’s Economic Offences Wing. Their lawyers, Niranjan Mundargi and Keral Mehta, argued that despite a 2021 case against them, the couple had traveled abroad multiple times and returned to cooperate fully with investigations. They asserted that the couple should be allowed to travel while the current probe is ongoing.

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*This investigation continues to develop, and further updates will follow as more information becomes available.*
https://www.freepressjournal.in/entertainment/shilpa-shetty-questioned-by-mumbai-eow-for-4-hours-in-60-crore-fraud-case-husband-raj-kundras-statement-also-recorded

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ED Files Supplementary Prosecution Complaint Against Raj Kundra In ₹6,606 Crore Bitcoin Scam

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**Mumbai:** The Enforcement Directorate (ED) has submitted a supplementary prosecution complaint against Bollywood actress Shilpa Shetty’s husband and businessman Raj Kundra in connection with the money laundering probe related to a Rs 6,606 crore bitcoin scam involving the Delhi-based company Variabletech Pvt Ltd (VTPL).

### ED’s Allegations

The agency alleges that Kundra received 285 bitcoins worth Rs 150.47 crore in April 2024 from Amit Bharadwaj, director of VTPL, who passed away while the case was pending. The bitcoins were reportedly intended for setting up a Bitcoin mining farm in 2017. However, as the deal could not materialise, the ED claims Kundra still possesses the bitcoins, which allegedly constitute proceeds of crime.

Furthermore, the ED states that Kundra has refused to share any details regarding these transactions.

### Property Transactions Linked

In addition to the bitcoin allegations, the ED claims Kundra purchased immovable properties in Juhu and Pune using the proceeds of crime. It is also alleged that Kundra transferred these properties into the name of his wife, Shilpa Shetty, at half their market value.

The agency has filed a second supplementary prosecution complaint not only against Kundra but also against a Delhi-based businessman, Rajesh Satija, as part of its ongoing probe.

### Conflicting Versions and Investigation Details

The ED uncovered several inconsistencies in Kundra’s explanation about the receipt of bitcoins from Amit Bharadwaj. According to the prosecution complaint, Amit had transferred 285 bitcoins to Kundra for investment in a joint venture aimed at setting up a new Bitcoin mining farm in Ukraine.

In statements recorded in April and June 2018, Amit claimed that he was approached by Kundra and Shetty for this joint venture, for which they sought $2.25 million in bitcoin. Amit said he had transferred $1 million (approximately 300 bitcoins) by the end of July 2017, with the remaining amount expected after the agreement was finalized.

While Kundra admitted to receiving the funds, he claimed he was merely a mediator between his Israeli friend Shlomi Amouyal (alias Tom) and Amit. Kundra said that Amit transferred the bitcoins to Tom’s wallets, and the deal was later cancelled when Amit failed to send the remaining amount.

Amit, however, stated that he spoke to Tom, who identified himself as a tech contact for Kundra. The ED also noted that Kundra refused to provide wallet details, citing loss of information due to phone issues in 2018, during the ongoing investigation.

### ED’s Findings and Actions

The ED pointed out glaring mismatches in the versions presented by Amit and Kundra. It revealed that Kundra had sent a term sheet to Amit, which acted as an agreement but did not mention Tom. The agency rejected Kundra’s claim of being only a mediator.

According to the ED, “It is clear that the deal to establish Bitcoin mining farms was made between Kundra and Amit (through his father Mahendra Bharadwaj). Since the deal did not materialise, Kundra is still in possession and enjoyment of 285 Bitcoins valued at Rs 150.47 crore.”

The agency further alleged that Kundra deliberately withheld wallet addresses and failed to surrender the 285 bitcoins.

The ED is actively investigating money laundering allegations against VTPL and its directors, Ajay Bhardwaj and his late brother Amit Bhardwaj. They are accused of luring investors by promising high returns in bitcoins and cryptocurrency developed by them, reportedly amassing 80,000 bitcoins (worth Rs 6,606 crore in November 2017) through the Bhardwaj family and other MLM agents.

### Case Background

In April last year, ED had attached several properties linked to Kundra, including five flats in the Ocean View Society on Juhu Tara Road worth Rs 82 crore, and a bungalow in Pune valued at Rs 11 crore. These properties were transferred in Shilpa Shetty’s name.

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https://www.freepressjournal.in/mumbai/ed-files-supplementary-prosecution-complaint-against-raj-kundra-in-6606-crore-bitcoin-scam