The Enforcement Directorate has seized assets worth Rs 98 crore from Raj Kundra, husband of actor Shilpa Shetty, as part of a probe into a Bitcoin Ponzi scheme. This scheme, led by Amit, Ajay, and Mahender Bhardwaj in 2017, lured investors with promises of high returns through Bitcoin mining, allegedly defrauding them of Rs 6,600 crore. Kundra’s attachment doesn’t imply guilt but suggests investigation into his potential involvement in the scam and related money laundering. Ponzi schemes, like this one, exploit investors by paying returns from new investments rather than profits.
Unraveling the Rs 6,600 Crore Bitcoin Ponzi Scam Involving Raj Kundra
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