Author: Jagdish Kumar, India
London based businessman, Raj Kundra was summoned by India’ Enforcement Directorate (ED) for the investigation of $295 million (INR 2000 crore) Bitcoin scam.
ED is investing the case in which 8000 investors were duped to a tune of $ 295 million in which the police is investigating whether India’s well known actress, Shilpa Shetty’s husband has a role to play.
The criminal case has been registered under the Prevention of Money Laundering Act (PMLA) against a Bitcoin-based investment website GainBitcoin, its founder Amit Bhardwaj and eight others.
Bharadwaj had introduced India’s first online marketplace accepting Bitcoin in 2014 and also owns a couple of Bitcoin mining operations such as Gain Bitcoin and GB Miners.
Kundra denied any role and told that he was called as witness. Kundra also said that Bhardwaj was interested in buying a team in Poker league for which both even signed a contract.
In a statement released by Kundra, it said that I was summoned a witness. I stand committed to extend all my cooperation to the law enforcement agency as the enquiry is underway by the concerned regulatory authorities.
However, media reported that Kundra was grilled for several hours, which is the case when someone is accused.
This is not the first time Kundra has been grilled by authorities; he had also appeared before different authorities on his investments in the Rajasthan Royals IPL team and had earlier admitted to placing bets in the Indian Premier League and has been serving a life ban from all cricket-related activities.
Commenting on media reports, Kundra further said that the authorities, summoned me merely as a witness, as the accused Amit Bharadwaj happens to be an acquaintance and some introductions were made hence there is a certain protocol being followed by the agencies.
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