Raj Kundra's assets seized in Bitcoin Ponzi Scam, Shilpa Shetty in disbelief

08:55 PM | 18 Apr, 2024
Raj Kundra

In a crackdown on the alleged Bitcoin Ponzi scam involving Bollywood actress Shilpa Shetty's husband Raj Kundra, properties nearly worth INR. 100 crores have been seized, including Shilpa Shetty's Mumbai apartment.

The Enforcement Directorate had ordered the seizure of Raj Kundra's movable and immovable assets. The Bitcoin Ponzi scheme has dealt a severe blow to Raj Kundra, amounting to nearly billions of rupees.

The confiscated properties include bungalows located in Pune, Maharashtra, along with stocks. It's worth noting that Raj Kundra was accused in 2017 of acquiring Rs. 6,600 crores through false promises in Bitcoin investments. He had acquired a total of 285 Bitcoins for setting up a Bitcoin mining farm.

The list of seized properties prepared by the Enforcement Directorate includes an apartment purchased in the name of Shilpa Shetty, Raj Kundra's wife.

Action against Raj Kundra was initiated based on FIRs filed in Mumbai and Delhi. These FIRs were lodged against Viaan Industries Private Limited and Ajay Bharadwaj, Anjali Bhardwaj, Vikas Bharadwaj, Simpi Bharadwaj, and Mahinder Bharadwaj over allegations of a fraudulent Bitcoin scheme. Raj Kundra had promised those who invested with him a 10% monthly return but failed to deliver on his promise.

Daily Pakistan Global Web Desk


Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 May 2024

Pakistani currency rates against US Dollar and other currencies on May 28, 2024 (Tuesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.25 for selling.

Euro stands at 298 for buying and 301 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal increased to 73.45.

Source: Forex Association of Pakistan. (last update 08:00 AM)

Currency Symbol Buying Selling
US Dollar USD 277.4 280.25
Euro EUR 298 301
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.25 75.9
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.03 748.03
Canadian Dollar CAD 203 205
China Yuan CNY 38.42 38.82
Danish Krone DKK 40.44 40.84
Hong Kong Dollar HKD 35.62 35.97
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.07 913.07
Malaysian Ringgit MYR 59.05 59.65
New Zealand Dollar NZD 170.03 172.03
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.6 7.75


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter