PremiumShilpa Shetty and Raj Kundra's lawyer issues statement after ED attaches their properties worth Rs 98 crore in money-laundering case
ED recently attached Shilpa Shetty and Raj Kundra's properties worth Rs 98 crore in a money-laundering case. Following this, the couple's advocate issued a statement.
Last Updated: 02.47 PM, Apr 18, 2024
Shilpa Shetty and her husband Raj Kundra found themselves in trouble after the Enforcement Directorate (ED) attached their properties, worth Rs 98 crore, in a money-laundering case. The immovable and movable properties, belonging to Raj Kundra, were attached by ED under the Prevention of Money Laundering Act (PMLA) in the Bitcoin investment fraud case. The ED took action against Shilpa's husband in connection to the money laundering case that was filed against him. Now, Shilpa and Raj's advocate Prashant Patil has issued an official statement.
Official statement on Shilpa Shetty and Raj Kundra's money-laundering case
In an official statement, Shilpa Shetty and Raj Kundra's advocate Prashant Patil mentioned that they shall follow the due process of law and take necessary steps as prescribed under the provision of PMLA.
"On the face of it, there is no prima facie case made out against my clients Mr Raj Kundra and Mrs Shilpa Shetty Kundra. We have complete faith in the Honourable Judiciary. I believe when we make our fair representation before the Honourable Enforcement Directorate, even the investigation agencies may grant justice to us. We have faith in a fair investigation. We stand committed to cooperate with the authorities as and when required," the statement read.
For those who are unaware, the properties attached by ED include a residential flat situated in Juhu presently in the name of Shilpa Shetty, a bungalow located in Pune and equity shares in the name of Raj Kundra.
About the money-laundering case
The money-laundering case stems from Maharashtra and Delhi Police's FIRs against a company named Variable Tech Pte Ltd. It was alleged the firm collected huge amounts of funds in the form of Bitcoins (approximately Rs 6,600 crore in 2017) from the gullible public with false promises of a 10 per cent per month return in the form of Bitcoins. As for Kundra, he received 285 bitcoins and is still in possession of them. They're presently valued at Rs 150 crore.