Businessman Raj Kundra and his wife Shilpa Shetty were again embroiled in controversies when the ED seized properties in a Bitcoin Fraud Case on Thursday morning. They seized his assets worth Rs 97.79 crore as part of an investigation into a Bitcoin Ponzi scheme under the Prevention of Money Laundering Act, of 2002. Raj took the Instagram story and shared two cryptic posts.
In his first post, he shared an image of a roaring lion along with a text that said Learning to stay calm when you feel disrespected is a different type of growth. He shared one more thought that said, "There is a time to be a nice person and there's a time to say enough is enough."
ED investigation revealed that Raj Kundra received 285 Bitcoins from the mastermind and promoter of the Gain Bitcoin Ponzi Scam, Amit Bhardwaj, for setting up a Bitcoin mining farm in Ukraine. The Bitcoins were supposed to be used for mining, and investors were supposed to get huge returns in Crypto assets. However, the promoters cheated the investors and have been concealing the ill-gotten Bitcoins in obscure online wallets. The said Bitcoins were sourced out of proceeds of crime collected by Amit Bhardwaj from gullible investors.