Businessman Raj Kundra, husband of Bollywood actress Shilpa Shetty, is grappling with significant legal challenges in 2024, with investigations by Enforcement Directorate (ED) into his alleged roles in a pornography distribution racket and GainBitcoin Ponzi scheme. These controversies have severely impacted his business ventures and net worth.
Once valued at over ₹400 crore, Kundra’s wealth has seen a steep decline due to ongoing investigations. ED has seized assets worth ₹97.79 crore, including a Mumbai flat registered under Shilpa Shetty’s name and a Pune bungalow. Allegations of receiving 285 bitcoins (valued at ₹150 crore) as part of GainBitcoin scheme further complicate his financial standing.
Key Details
| Aspect | Details |
| Previous Net Worth | Over ₹400 crore |
| Seized Assets | Properties worth ₹97.79 crore |
| Bitcoin Involvement | Allegedly received 285 bitcoins (₹150 crore) in GainBitcoin scam |
| Legal Cases | Pornography distribution, GainBitcoin Ponzi scheme |
| Primary Ventures | Entertainment, sports, cryptocurrency |
Current Legal Challenges
- Pornography Distribution: Accused of producing and distributing adult content via Hotshots app, monetized through digital platforms linked to his company.
- GainBitcoin Ponzi Scheme: Allegedly tied to 285 bitcoins received from Amit Bhardwaj in a failed bitcoin mining project.
Disclaimer
This article is based on publicly available information and ongoing investigations. Readers are advised to rely on verified updates from official sources for further details.
