Money Laundering Probe: Properties of Shilpa Shetty’s husband, Raj Kundra raided by ED

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Money Laundering Probe: Properties of Shilpa Shetty’s Husband, Raj Kundra Raided by ED

In a significant development in the ongoing money laundering probe, properties linked to Shilpa Shetty’s husband, Raj Kundra, were raided by the Enforcement Directorate (ED). The raids are part of an investigation into allegations of financial misconduct, which have put the businessman in the spotlight once again.

Raj Kundra, a well-known entrepreneur and businessman, has previously been embroiled in controversies, and the latest raid adds to his legal troubles. According to reports, the ED has been investigating Kundra’s alleged involvement in a money laundering case connected to illicit activities, including the creation and distribution of adult content, which had also resulted in his arrest in the past.

The ED’s action follows a series of probes into suspicious financial transactions and unaccounted wealth. The agency is said to have focused on assets that were allegedly acquired through illegal means, with the raids targeting properties and business dealings tied to Kundra.

As the news broke, social media buzzed with discussions around the high-profile case, with many questioning the impact this could have on the Shetty-Kundra family. Shilpa Shetty, a popular Bollywood actress, has not publicly commented on the matter yet, but fans and media outlets are closely watching how the case unfolds, given the serious nature of the charges.

This is not the first time Raj Kundra has faced legal trouble. In 2021, he was arrested in connection with the production and distribution of pornographic content, and his bail proceedings were widely reported. Despite the controversy, Raj Kundra has maintained his innocence and has fought to clear his name.

As the Enforcement Directorate continues its investigation into the alleged money laundering activities, the couple’s personal and professional life is once again under intense scrutiny. For now, the focus remains on the legal proceedings, and both Shilpa Shetty and Raj Kundra’s supporters are awaiting further developments in this high-profile case.

MUMBAI: The Enforcement Directorate (ED) has initiated searches at multiple locations, including the premises of Raj Kundra, businessman and spouse of actress Shilpa Shetty, regarding an investigation into alleged money laundering connected to adult content production and distribution via mobile applications.
Officials confirmed that the operation included searches at the residence of the couple, alongside properties of other individuals implicated in the case.
Kundra, who was previously arrested by Mumbai police in 2021 in the adult content case and later granted bail, is also under scrutiny in a separate money laundering investigation related to Bitcoin fraud involving Ajay Bhardwaj. The ED has secured Shilpa Shetty’s Juhu property, asserting that Kundra utilised illicit funds to acquire the flat before transferring ownership to his wife in the Bitcoin case.
Regarding the adult content case, authorities alleged his involvement in creating inappropriate material. He faces charges under various legal provisions, including the Indian Penal Code, the Indecent Representation of Women (Prevention) Act and the Information Technology Act.

The investigation centres on allegations that Kundra facilitated streaming adult videos through the ‘Hotshots’ application, which has since been removed from mobile platforms by Apple and Google. Operating from his Viaan Industries office, Kundra reportedly managed the UK-based company’s content supply. His IT director, Ryan Thorpe, supervised the application’s operations and financial dealings. Kundra informed authorities that he had sold ‘Hotshots’ for 25,000 US dollars in 2019 and established Arms Prime Media.

author

Vijay V Singh has worked for various print and online publications before joining The Times of Indiain 2008. He covers crime and takes a keen interest in criminology. His hobbies include travel (especially on bikes), reading and cricket.