The Enforcement Directorate (ED) has announced its intention to attach assets valued at Rs 97 crore linked to Raj Kundra and Shilpa Shetty. This decision follows the agency’s move to provisionally attach both immovable and movable properties of Ripu Sudan Kundra, also known as Raj Kundra, under the Prevention of Money Laundering Act (PMLA), 2002.
In an official statement, the ED, Mumbai said, “ED, Mumbai has provisionally attached immovable and movable properties worth Rs. 97.79 crore belonging to Ripu Sudan Kundra, aka Raj Kundra, under the provisions of PMLA, 2002. The attached properties include a residential flat situated in Juhu currently registered in the name of Smt. Shilpa Shetty, a residential bungalow in Pune, and equity shares registered under Raj Kundra.”
Raj Kundra’s lawyer, Prashant Patil, exclusively spoke to ETimes regarding the development. Patil stated, “We shall adhere to the due process of law and take necessary actions as prescribed under the Prevention of Money Laundering Act to safeguard the liberty and property of my clients. Based on the available information, there is no prima facie case against my clients, Mr. Raj Kundra and Mrs. Shilpa Shetty Kundra. We have full confidence in the Honourable Judiciary. I believe that upon presenting our fair representation to the Honourable Enforcement Directorate, justice will be granted by the investigating agencies. We remain committed to cooperating with the authorities as and when required.”
