Lagatar24 Desk
Mumbai: The Enforcement Directorate (ED) today raided the residence and offices of businessman Raj Kundra in connection with a money laundering case linked to the production and distribution of pornographic content through mobile applications.
Raj Kundra, husband of Bollywood actress Shilpa Shetty, has been under investigation for months over allegations of his central role in monetising explicit content streamed via the now-defunct ‘Hotshots’ app. The application, previously hosted on platforms like Apple and Google Play, was taken down following public outrage and legal scrutiny.
Key Developments
•Raids and Findings: The ED conducted raids on Mr Kundra’s properties and other individuals allegedly involved in the case. Preliminary findings suggest financial links to the laundering of proceeds from streaming explicit content through mobile platforms.
•Previous Arrest: In 2021, Kundra was arrested by the Mumbai police for his alleged role in producing obscene material. He was later released on bail.
•Crypto-Ponzi Scheme Allegations: The businessman is also under scrutiny for alleged involvement in a crypto-ponzi scheme led by Amit Bhardwaj, the mastermind behind the Gain Bitcoin scam. Earlier this year, the ED attached assets worth ₹98 crore, claiming they were proceeds from illicit activities, including the scam.
Legal Complications
The ED has intensified its probe into Kundra’s financial activities, including alleged laundering and investments linked to unlawful proceeds. His connection to the Gain Bitcoin scam adds another layer of complexity to the investigation.
