ED attaches houses, equity shares worth Rs 98 crore of Shilpa Shetty & Raj Kundra

The Enforcement Directorate (ED) announced on Thursday the seizure of properties and shares valued at approximately Rs 98 crore belonging to actress Shilpa Shetty and her spouse Raj Kundra.

The action is part of an investigation into a money-laundering case connected to an alleged cryptocurrency Ponzi scheme.

Under the Prevention of Money Laundering Act (PMLA), the ED has provisionally attached a flat and a bungalow owned by the couple, along with equity shares held by Kundra. The properties in question are a residential flat in Mumbai's Juhu area, registered under Shetty's name, a bungalow located in Pune, and equity shares attributed to Kundra.

The total value of the attached assets is reported to be Rs 97.79 crore. The couple's legal representative has stated that there is no substantial case against them and assured their cooperation with the investigative authorities.