Raj Kundra, husband of actress Shilpa Shetty, has been granted bail in a significant Bitcoin scam case involving ₹150 crore, according to a special court in Mumbai.
MUMBAI—Raj Kundra, the businessman and husband of Bollywood actress Shilpa Shetty, has been granted bail by a special court under the Prevention of Money Laundering Act (PMLA) in connection with a ₹150 crore Bitcoin scam.
The court has mandated that Kundra provide a surety of ₹1 lakh and has instructed him to seek prior permission if he wishes to travel outside the country.
Following the bail hearing, Kundra addressed questions from the media. When asked about his faith in the judiciary, he responded affirmatively, stating, “Absolutely.” He further quoted, “Satyamev Jayate,” a phrase that translates to “Truth Alone Triumphs.”
During the media interaction, Kundra was also questioned about his decision to stop wearing a mask, which he had consistently donned during public appearances. He remarked that it was “a different time altogether” and suggested that he would now “pull off the masks of others,” although it remains unclear who he was referring to.
Last month, the special PMLA court summoned Kundra along with New Delhi-based businessman Rajesh Satija, indicating that the prosecution’s complaint and case records suggest their involvement in money laundering activities.
Advocate Prashant Patil, who represents Kundra, stated, “Raj Kundra has always appeared before the Enforcement Directorate (ED) since 2018. He is contemplating approaching the Honorable High Court for the quashing of the summons issued in the ED matter.”
The developments in this case have drawn significant media attention, given Kundra’s high-profile status and the serious nature of the allegations against him.
According to IANS, the court’s decision to grant bail comes amidst ongoing investigations into the Bitcoin scam, which has raised concerns about financial misconduct and the integrity of cryptocurrency transactions in India.