Businessman Raj Kundra, husband of Bollywood actress Shilpa Shetty, has been granted bail in connection with the alleged Rs 150 crore bitcoin scam case. The development comes after Kundra appeared before a special court in Mumbai on February 20.
Bail Granted by Special PMLA Court
As per reports, the relief was granted by a special court operating under the provisions of the Prevention of Money Laundering Act (PMLA). The case reportedly pertains to alleged financial irregularities linked to a cryptocurrency investment scheme that is currently under investigation by enforcement authorities.
While granting bail, the court clarified that the investigation remains ongoing and that the matter is still under legal scrutiny. The order does not signify closure of proceedings but provides interim relief to the accused.
Allegations Under Investigation
According to agency reports, the case involves alleged financial misconduct tied to a bitcoin-related scheme. Authorities are examining the flow of funds and possible violations under money laundering statutes.
At this stage, detailed findings from the investigation have not been made public. Legal proceedings are expected to continue as enforcement agencies pursue further examination of the case.
Legal Status: What Happens Next?
With bail granted, Raj Kundra will remain subject to court-mandated conditions while the probe continues. Further hearings and investigative developments are anticipated in the coming weeks.
This remains a developing story, and additional updates are expected as more details emerge from official sources.
