The Mumbai real estate market is often abuzz with jaw-dropping deals and intriguing tales, and the recent spotlight has fallen on none other than businessman Raj Kundra and his wife, Shilpa Shetty. Reports have surfaced suggesting a rather unconventional transaction involving their Juhu flat, raising eyebrows and prompting legal scrutiny.
According to sources cited in a Times of India report, Raj Kundra purportedly sold his Rs 80-crore flat to his wife for a significantly lower sum of Rs 38 crore back in 2022. This maneuver, as alleged, was devised internally to sidestep potential repercussions amid an Enforcement Directorate (ED) investigation into a money laundering case.
The ED, in a press release, shed light on the broader context of the investigation, linking Kundra to the alleged manipulation of investors through cryptocurrency, particularly Bitcoins. It was revealed that Kundra purportedly received 285 Bitcoins from Amit Bhardwaj, the alleged mastermind behind the Gain Bitcoin Ponzi scam, under the guise of setting up a Bitcoin mining farm in Ukraine.
In the wake of these revelations, Kundra and Shetty's legal counsel has stepped forward, asserting that there exists no prima facie case against their clients. Expressing confidence in the judicial process, the lawyer emphasized their willingness to cooperate with the authorities while remaining steadfast in their belief in a fair investigation.
Meanwhile, Kundra himself took to social media with a cryptic post, hinting at the tumultuous nature of the situation and perhaps implying a stance of defiance against mounting scrutiny.
As the saga unfolds, the intricacies of the alleged deal and its legal implications continue to captivate observers. With the promise of transparency and due process, both the investigative authorities and the individuals involved strive to navigate this complex terrain, seeking clarity and resolution in the pursuit of justice.
Stay tuned as we delve deeper into this evolving narrative, dissecting the nuances and implications of Raj Kundra's legal entanglements and the intricate web of transactions that have come under the ED's scrutiny.
News Articles
Other Real Estate News Articles