Indian agency files charges against businessman over crypto linked to scammers
The post Indian agency files charges against businessman over crypto linked to scammers appeared on BitcoinEthereumNews.com. Indian agency, The Enforcement Directorate, has filed a charge sheet against businessman Raj Kundra, accusing him of having about 285 Bitcoins, which are proceeds of crime. The Bitcoin, worth Rs. 150.47 crore (approximately $18 million), was received from late crypto scam mastermind Amit Bhardwaj, Indian authorities said. The charge sheet was filed before the special Prevention of Money Laundering Act court. Indian authorities claimed that Kundra concealed crucial evidence in the case and failed to surrender the digital assets linked to the crime. According to the ED, Kundra remains in possession of the Bitcoin, enjoying the proceeds of crime. The Indian agency also mentioned that he conducted a transaction with his wife, Shilpa Shetty, an actress, at below market rate to obfuscate the funds gotten through criminal activities. Indian agency files charges against businessman over crime-linked Bitcoin The money laundering case originates from several FIRs filed by police in the Maharashtra and Delhi regions against Variable Tech Private Limited and several individuals, including Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, and Mahender Bhardwaj. Indian authorities claimed that the promoters promised investors huge gains in return for their investments in a Bitcoin mining program, but instead got cheated. Authorities claimed that the suspects took the ill-gotten Bitcoin and sent it into obscure online wallets. The Indian agency claimed that Kundra received the said Bitcoin from Amit Bhardwaj for establishing a Bitcoin mining farm in Ukraine. Though the deal failed to materialize, authorities claimed that Kundra allegedly still retained possession of the Bitcoin, failing to remit it so that it could be returned to those who invested in the program. Thus, it can be safely concluded that the agreement was actually between Raj Kundra and Amit Bhardwaj (his father, Mahender Bhardwaj), and the argument given by Kundra that he acted as a mere…
The post Indian agency files charges against businessman over crypto linked to scammers appeared on BitcoinEthereumNews.com.
Indian agency, The Enforcement Directorate, has filed a charge sheet against businessman Raj Kundra, accusing him of having about 285 Bitcoins, which are proceeds of crime. The Bitcoin, worth Rs. 150.47 crore (approximately $18 million), was received from late crypto scam mastermind Amit Bhardwaj, Indian authorities said. The charge sheet was filed before the special Prevention of Money Laundering Act court. Indian authorities claimed that Kundra concealed crucial evidence in the case and failed to surrender the digital assets linked to the crime. According to the ED, Kundra remains in possession of the Bitcoin, enjoying the proceeds of crime. The Indian agency also mentioned that he conducted a transaction with his wife, Shilpa Shetty, an actress, at below market rate to obfuscate the funds gotten through criminal activities. Indian agency files charges against businessman over crime-linked Bitcoin The money laundering case originates from several FIRs filed by police in the Maharashtra and Delhi regions against Variable Tech Private Limited and several individuals, including Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, and Mahender Bhardwaj. Indian authorities claimed that the promoters promised investors huge gains in return for their investments in a Bitcoin mining program, but instead got cheated. Authorities claimed that the suspects took the ill-gotten Bitcoin and sent it into obscure online wallets. The Indian agency claimed that Kundra received the said Bitcoin from Amit Bhardwaj for establishing a Bitcoin mining farm in Ukraine. Though the deal failed to materialize, authorities claimed that Kundra allegedly still retained possession of the Bitcoin, failing to remit it so that it could be returned to those who invested in the program. Thus, it can be safely concluded that the agreement was actually between Raj Kundra and Amit Bhardwaj (his father, Mahender Bhardwaj), and the argument given by Kundra that he acted as a mere…
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