ED provisionally attaches assets worth Rs 97.79 Crore belonging to Raj Kundra, including properties in Juhu and Pune, under PMLA provisions.
Mumbai, 18 April – Taking a bold move, the Enforcement Directorate (ED) has temporarily attached assets valued at Rs 97.79 crore that belonged to Ripu Sudan Kundra, also referred to as Raj Kundra. This action complies with the PMLA (Prevention of Money Laundering Act, 2002) provisions.
The properties under investigation include a residential property in Pune, equity shares held by Raj Kundra, and a residential unit in Juhu that is presently registered in the name of actress Shilpa Shetty. The ED’s action steps up their ongoing investigation against the businessman and former film producer’s alleged financial irregularities and money laundering activities.
Due to claims of financial misbehavior, Raj Kundra‘s financial dealings have escaped the attention of the ED. These assets’ temporary attachment reflects the ED‘s dedication to guaranteeing responsibility and openness in financial transactions. More information about the intricacies of these claims and the degree of Raj Kundra‘s involvement is expected to emerge as investigations go.
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