Businessman and Shilpa Shetty’s husband Raj Kundra was arrested by the Mumbai Crime Branch in July 2021 under multiple sections of the Indian Penal Code (IPC) and the Information Technology Act but was later granted bail by the court. The case traces back to 2017, when an investment company called Gain Bitcoin was launched, luring people with promises of mining bitcoins and offering a hefty 10% return. This Ponzi scheme attracted significant investments but came under scrutiny in 2018 after multiple complaints were filed. Maharashtra Police began investigating the scam in 2018-19, leading to arrests, including that of mastermind Amit Bhardwaj. During the probe, it was revealed that 285 bitcoins, valued at Rs 150 crore, were transferred from Amit Bhardwaj’s account to Raj Kundra. This connection brought Raj Kundra under ED’s radar, culminating in a raid on his residence.

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