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The <keyword id="6357808" type="General" weightage="20" keywordseo="enforcement-directorate" source="Orion">Enforcement Directorate</keyword> (ED) has attached immovable and movable properties worth Rs 97.79 crore belonging to Ripu Sudan Kundra aka <keyword id="18641" type="General" weightage="20" keywordseo="raj-kundra" source="Orion">Raj Kundra</keyword>, businessman, and husband of Bollywood actor <keyword id="6358615" type="General" weightage="20" keywordseo="shilpa-shetty" source="Orion">Shilpa Shetty</keyword>, under the provisions of Prevention of Money Laundering Act (PMLA), 2002. The attached properties include a residential flat in Juhu, which is in the name of Shilpa Shetty, another residential bungalow in Pune and equity shares in Raj Kundra's name. The financial probe agency had initiated an investigation based on multiple FIRs registered by Maharashtra Police and Delhi Police against Variable Tech Pte Ltd, Late Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj and a number of MLM agents. It has been alleged that they had collected huge amounts of funds in the form of <keyword id="6395759" type="General" weightage="20" keywordseo="bitcoins" source="Orion">Bitcoins</keyword> (worth Rs 6,600 crore in 2017 itself) from the public with false promises of a 10 per cent per month return in the form of Bitcoins. The collected Bitcoins were supposed to be utilised for Bitcoin mining, and investors were to get huge returns in Crypto assets. "But the promoters cheated the investors and have been concealing the ill-gotten Bitcoins in obscure online wallets. The probe also revealed that Raj Kundra received 285 Bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi Scam, Amit Bhardwaj, for setting up a Bitcoin mining farm in Ukraine," ED said in a statement issued on Thursday. The said Bitcoins were sourced out of proceeds of crime collected by Amit Bhardwaj from gullible investors. "Since the deal didn't materialise, Kundra is still in possession and enjoyment of 285 Bitcoins which are presently valued at more than Rs. 150 Crore," said the ED official. During the investigation, multiple search operations were carried out in this case and three persons were arrested. "Simpy Bhardwaj was arrested on December 17, 2023, Nitin Gaur on December 29, 2023, and Nikhil Mahajan on January 16, 2023. All of them are presently in judicial custody as of date," said the official. However, the main accused Ajay Bhardwaj and Mahendra Bhardwaj are still absconding. Earlier, ED had attached properties worth Rs 69 crore. The Prosecution Complaint in this was filed on June 11, 2019, and the Supplementary Prosecution Complaint on February 14, 2024. "The Special PMLA court has taken cognizance of the same. Further investigation is under progress," the official added.

Bitcoin scam case: ED attaches assets worth over Rs 97 cr of Raj Kundra, Shilpa Shetty

If you were wondering about the fate of Chennai Super Kings and Rajasthan Royals after <keyword id="1682587" type="PERSON" weightage="100" keywordseo="Gurunath-Meiyappan">Gurunath Meiyappan</keyword> and <keyword id="18641" type="PERSON" weightage="100" keywordseo="Raj-Kundra">Raj Kundra</keyword> were banned from any cricket related activities for life, the BCCI has come up with an option. 
 
The BCCI is mulling over running both the teams and appointed them veterans cricketers, who do not have any blot on their career report card. 
 
Sources told Times of India that the matter was discussed during a meeting between BCCI president Jagmohan Dalmiya and board member and IPL commissioner Rajeev Shukla in Kolkata on Wednesday. 
 
Former Indian captains Sourav Ganguly, Sunil Gavaskar and Rahul Dravid are being considered for running the two teams. 
 
The news daily reported that the board members were also considering the option of introducing two new franchisees as there is a legal commitment to the broadcaster to run the tournament with a minimum of eight teams. 
 
TOI reported that the board taking over the two suspended teams as a temporary arrangement also has the merit of not needing any fresh auctions for players of the two franchises and therefore avoiding the uncertainty and disruption that the other options would inevitably entail for the players. 
 
(Amul Twitter page)

Former Indian cricket team captains may run Rajasthan Royals, Chennai Super Kings for BCCI

Barely few days into the <keyword id="6354977" type="ORGANIZATION" weightage="80" keywordseo="Supreme-Court">Supreme Court</keyword> verdict on the infamous son-in-law of <keyword id="208612" type="POSITION" weightage="60" keywordseo="BCCI-chief">BCCI Chief</keyword>, <keyword id="1682587" type="PERSON" weightage="60" keywordseo="Gurunath-Meiyappan">Gurunath Meiyappan</keyword>, the most coveted <keyword id="6354831" type="ORGANIZATION" weightage="40" keywordseo="Indian-Premier-League">Indian Premier League</keyword> were auctioned. Players were sold, players were bought and the business went on as usual. Unmindful of the circumstances, all corporate and <keyword id="6356028" type="COMPANY" weightage="40" keywordseo="Sports">sports</keyword> companies which had been looking forward to this auctioning so that they can have a super time shooting the TRPs and booking ad slots, thus adding to their brand equity, were just too thrilled that the auction process went on as expected. 
 Of course, one of the biggies claimed ‘unfair’ methods being adopted at the auction, which he said has now cost him an additional Rs 4 crore for a single player <keyword id="351" type="PERSON" weightage="60" keywordseo="Yuvraj-Singh">Yuvraj Singh</keyword>. And the famous beer baron, who also unsuccessfully tried his hand at giving some good time to people in the skies and turned a huge defaulter to many banks, said the auctioning process was unclear especially with respect to the player he bought and that had to be rectified. Now, this is the same man who still owes crores together to the staff members of his bungled airline company Kingfisher. He had also added the tagline: The king of good times, which now seems rather too stretched and humorous. He happens to be the co-owner of <keyword id="12643" type="ORGANIZATION" weightage="40" keywordseo="Royal-Challengers">Royal Challengers</keyword> Bangalore – <keyword id="14678" type="PERSON" weightage="60" keywordseo="Vijay-Mallya">Vijay Mallya</keyword>. 
 Soon after, twitterati and Facebookers were almost laughing out aloud at the allegations and the following complaint Mallya made to <keyword id="121961" type="ORGANIZATION" weightage="40" keywordseo="IPL-governing-council">IPL Governing Council</keyword>. “A man who didn’t pay his staff salaries, but went on to splurge on bare-bodied models for his calendar, and buying players at a whopping sum while he still owes banks thousands of crores alleges that the auction was unfair? Now, that’s too much!” were the generic comments made by those who seemed to be amused by Mallya’s behavior. Man really had no takers for his cry for sympathy and some consideration as far as his ‘cries’ were concerned. 
 The drama that unfolded right at the stage of auctioning is a clear indicator that <keyword id="6354312" type="CITY" weightage="60" keywordseo="IPL">IPL</keyword> seems to have kicked off to a good start. A melodramatic opening always promises more entertainment ahead. By now, bookies have acquired new cell phones to mint money, quite oblivious to the verdict that has sounded like a death knell to <keyword id="6354756" type="CITY" weightage="40" keywordseo="BCCI">BCCI</keyword> chief N Srinivasan. By the time curtain call is made, with all matches being played and cheer girls exhausted after jumping with incredulous and superficial joy each time the ball flies to the pleasure of cricket fans, IPL would have delivered more fun and news than anticipated. 
 Supreme court verdict came after the committee probing the alleged corruption charges in the IPL matches said in its report that Gururaj Meiyappan “the face and team official” of IPL franchise <keyword id="13886" type="ORGANIZATION" weightage="40" keywordseo="Chennai-Super-Kings">Chennai Super Kings</keyword>, headed by <keyword id="10138" type="PERSON" weightage="40" keywordseo="Mahendra-Singh-Dhoni">Mahendra Singh Dhoni</keyword> was indeed corrupt. The court ruled that the allegations of betting and passing information to bookies and players, in order to encourage betting for huge sums of money, ‘stand proved’. 
 In a caution of sorts, the 200 page document submitted to the Supreme Court, the committee had expressed the need to investigate the involvement of Meiyappan and Rajasthan Royals co-owner <keyword id="18641" type="PERSON" weightage="40" keywordseo="Raj-Kundra">Raj Kundra</keyword> need to be investigated further. Supreme Court has upheld the recommendation. The court also felt adequate punishment in the form of life ban was meted out to two players – <keyword id="13418" type="PERSON" weightage="40" keywordseo="S-Sreesanth">S Sreesanth</keyword> and Ankit Chavan, five years of suspension to Amit Singh, and a year-long suspension to <keyword id="82630" type="PERSON" weightage="40" keywordseo="Siddharth-Trivedi">Siddharth Trivedi</keyword>. 
 Indians have been experiencing quite a few climaxing moments in sports. Earlier this week, the news came in that India was included in Sochi Winter Olympics after being shamed for almost a year, and having just three sports persons walk at the inaugural ceremony under International Olympics Committee flag. Let bygones be bygones, sports persons back home packed their bags in a hurry after <keyword id="6354733" type="ORGANIZATION" weightage="40" keywordseo="IOC">IOC</keyword> generously agreed to include the India which was banned for reasons that it didn’t follow the Olympics charter when it came to selection of sports persons. 
 
Government was pressed into action, minister met all the ‘concerned’ people in order to make things look brighter and made all the arrangements for India to participate in the games again. It was a face-off situation, which still continues to be despite the fact that India finally got to participate in the games. It resembled a last minute hurried addition to list of events, as it would happen in schools! 
 
You see, all that’s well, ends well. What’s with a few months of shame when you still get to hold your flag, with or without pride, at the end of the ceremony. This too shall be forgotten and channels will certainly keep the viewers engaged on IPL enough to wipe out the embarrassment. Then, off we go to make new mistakes again.

IPL Guilt: But the Match
Must Go On!

Millionaire Raj Kundra has been arrested by police who suspect he is a "key conspirator" in a <a href="https://www.businessinsider.com/porn-displayed-on-sites-fox-wapo-vidme-links-redirected-2021-7?r=US&amp;IR=TIR=T">porn</a> production <keyword id="41928" type="ENTERTAINMENT" weightage="60" keywordseo="Scandal">scandal</keyword> that coerced women to engage in sexual acts. <ul class="summary-list"><li>Raj Kundra has been arrested suspected of being a "key conspirator" in a <keyword id="6367992" type="UNKNOWN" weightage="60" keywordseo="porn">porn</keyword> production app.</li><li>It is alleged that women were tricked into filming sexual content for the app. </li><li>Obscene material - including pornography - is illegal in <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword>.</li></ul>Police believe the 45-year-old Kundra ran the Hotshots app - app for the consumption of pornographic material, which was blacklisted by Google Play and Apple, <a href="https://www.hindustantimes.com/india-news/a-1-2-million-deal-20-lakh-subscribers-mumbai-police-s-new-revelations-about-raj-kundra-s-business-101627059878304.html">according to the Hindustan Times</a>. Kundra is a successful British-Indian businessman and owns a cricket team in India. He was arrested at his home in <a href="https://www.businessinsider.com/aerial-drone-photos-mumbai-extreme-wealth-slums-2018-9?r=US&amp;IR=TIR=T">Mumbai, India</a> on July 20, facing "obscene and indecent advertisements and displays."In India, publishing and sharing of "obscene" material - including pornography - is punishable by up to seven years in jail. The team behind the HotShots app is said to have lured women under the guise of an acting audition which could lead to their on-screen 'break'. They would then be coerced into performing sexual acts, which would be filmed and uploaded to the app. Hotshots had 400,000 subscribers who paid between 200-400 rupees (about $2.70-$5.40) a month, <a href="https://www.bbc.co.uk/news/world-asia-india-57897783">reported the BBC.</a>The Times of India reports that the police say they have proof that Kundra ran the app from his London office, have documentation outlining his role, as well as indicting text messages. Actor Shilpa Shetty - Kundra's wife - has been questioned by <keyword id="6358070" type="DEFINITION" weightage="60" keywordseo="mumbai">Mumbai</keyword> Police's <keyword id="39494" type="ORGANIZATION" weightage="100" keywordseo="Crime">crime</keyword> branch in relation to this investigation. Shetty has denied her involvement in this organization and says that her husband is innocent.Kundra has argued that this is an incorrect indictment against him, filing a plea to the Mumbai High Court saying that the content on Hotshots was not pornographic as it did not portray explicit sex. His lawyer argued it was vulgar - not obscene. Kundra's lawyer also termed the arrest as illegal as a prior notice was not served. Kundra was initially held in custody until July 23 and it was extended to July 27.

Millionaire married to Bollywood star is investigated for involvement in porn ring that coerced women into sex videos

It’s no news that Bollywood stars are rich people. But how they use their riches is indeed newsworthy. One of their favourite uses to put their hard earned moolah is to invest in property. These star investors have put their money on everything ranging from retail projects, restaurants to sports franchises. Since they love holidaying in exotic foreign locales, most of them have invested in property abroad. Here’s a dekko at these astute investors:
 

	1.Shah Rukh Khan

	Though the actor claims that his luxury holiday home on The Palm Jumeirah in Dubai is a gift, but news is rife that it is his payment for endorsing Palm Jumeirah. Spread over two levels of sprawling 8500 square feet and 14000 square feet plots, the Signature Villa has a worth of Rs 17.84 crore. The villa comes with its own pool and a private beach, where Khan family loves to have a blast. King Khan also owns an apartment in central London’s posh park lane worth about £20 million.
 

	2.Amitabh Bachchan Besides owning five houses in Mumbai, Big B also has a house in <keyword id="106" type="COMPANY" weightage="80" keywordseo="Paris">Paris</keyword>. According to reports, the house was gifted to him by dear wife <keyword id="6354745" type="PERSON" weightage="60" keywordseo="jaya-bachchan">Jaya Bachchan</keyword> as the mega star has always been fascinated by the fashion capital. 

	3.Abhishek Bachchan and Aishwarya Rai Bachchan While Big B is going to Paris, Beta B and Bahu B have acquired a plush property in <keyword id="2484630" type="UNKNOWN" weightage="20" keywordseo="Dubais-Jumeirahs-Golf-Estates">Dubai’s Jumeirah’s Golf Estates</keyword>. The area of resort style villa in Sanctuary Falls ranges between 5600 square feet to 10,600 square feet, while the price ranges from 15 to 35 million UAE Dirhams. Each villa comes with landscape gardens and a resort style swimming pool. 

	4.John Abraham Model turned actor John Abraham is an astute businessman too. The actor owns a home in exclusive area of Bel Air, <keyword id="6354803" type="COMPANY" weightage="80" keywordseo="Los-Angeles">Los Angeles</keyword>, USA. His neighbours include the likes of Jennifer Anniston and <keyword id="3540" type="PERSON" weightage="80" keywordseo="Angelina-Jolie">Angelina Jolie</keyword>. 

	5.Shilpa Shetty Kundra The actress turned business woman was gifted an apartment in Dubai’s <keyword id="92239" type="ORGANIZATION" weightage="80" keywordseo="Burj-Khalifa">Burj Khalifa</keyword>, the world’s tallest building. The couple is also a proud owner of a seven-bedroom property called ‘<keyword id="247105" type="PERSON" weightage="80" keywordseo="Raj-Mahal">Raj Mahal</keyword>’ in Weybridge, Surrey and property in Meyfair as well as in Oxford Street of London. 

	6.Akshay Kumar

	Khiladi Kumar is yet another star who loves to invest in property. He considers Canada as his second home; hence, he has bought not an apartment but an entire hill in Toronto apart from a couple of posh apartments and a bungalow. That’s not all, Akshay also owns a beautiful bungalow on a famous Mauritian beach.
 

	7.Saif Ali Khan and Kareena Kapoor

	The royal couple love to holiday at Gstaad, Switzerland. Whenever they get a chance they fly off the beautiful destination. Hence, the couple has bought themselves a chalet in Gstaad.

Realty Check: Bollywood Stars Who Have Bought Property Abroad

Former Indian cricket team captain <keyword id="6359039" type="PERSON" weightage="100" keywordseo="Sourav-Ganguly">Sourav Ganguly</keyword> would be studying <keyword id="2857170" type="UNKNOWN" weightage="100" keywordseo="Justice-RM-Lodha-committee">Justice RM Lodha committee</keyword>’s IPL order as he was named in the BCCI's four-member working group formed to study the recommendations. 
 
Former Chief Justice of India RM Lodha-led committee suspended Rajasthan Royals and Chennai Super Kings for two years and banned Gurunath Meiyappan and Raj Kundra for life from cricket-related activities. 
 
On Monday, Ganguly was named one of the four members of the committee, which will be chaired by IPL Chairman Rajeev Shukla and have BCCI Secretary Anurag Thakur and Treasurer Aniruddh Chaudhary as the other members. BCCI's legal adviser U N Banerjee will assist the panel. 
 
"The committee will have six weeks' time to study the Lodha committee report and will give its recommendations after talking to all the stakeholders. The committee will also consult the legal experts before coming up with recommendations since we do not want any legal complications later on," Shukla told PTI. 
 
Ganguly is also a member of the IPL Governing Council. 
 
Meanwhile, the panel’s job is only to find the way forward so that preparations for IPL 9 can begin. 
 
"We still have some time for IPL 9, so we should not take any hasty decision. We will follow the procedure and come to a consensus on all the matters relating to IPL," Shukla told the news agency. 
 
(Image: Indiatimes)

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Bitcoin scam case: ED attaches assets worth over Rs 97 cr of Raj Kundra, Shilpa Shetty

IANS

Former Indian cricket team captains may run Rajasthan Royals, Chennai Super Kings for BCCI

BI India Bureau

IPL Guilt: But the Match Must Go On!

Preetam Kaushik

Millionaire married to Bollywood star is investigated for involvement in porn ring that coerced women into sex videos

Bethany Dawson

Realty Check: Bollywood Stars Who Have Bought Property Abroad

Charu

IPL: Sourav Ganguly to study Justice Lodha committee’s verdict with three others

BI India Bureau

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