Prevention of Money Laundering Act

Technology

Last mentioned: 2d ago

Timeline

  1. Bail Granted

    Special PMLA court in Mumbai grants bail to Raj Kundra on a ₹1 lakh surety.

  2. Court Appearance

    Kundra appears before the court following summons related to the Bitcoin scam.

  3. ED Investigation Intensifies

    Enforcement Directorate focuses on the 285 BTC allegedly received by Kundra.

  4. Asset Attachment

    ED previously attached properties worth ₹97 crore linked to Kundra and Shetty in this case.

Stories mentioning Prevention of Money Laundering Act 1

Regulation Bearish

Raj Kundra Granted Bail in ₹150 Crore Bitcoin Money Laundering Case

A special Mumbai court has granted bail to businessman Raj Kundra in a high-profile ₹150 crore Bitcoin scam involving alleged money laundering. While the court found sufficient grounds to proceed with the trial, Kundra was released on a ₹1 lakh surety as investigations into his role in a purported crypto mining scheme continue.

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