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Details: ht
According to Wu, the Indian Enforcement Directorate (ED) has submitted a prosecution against film businessman Raj Kundra in a cryptocurrency Ponzi scheme, alleging that he is the beneficial owner of 285 Bitcoins (valued at approximately 15 billion rupees). These Bitcoins are identified as originating from the 660 billion rupee (approximately 80 million USD) cryptocurrency Ponzi scheme led by the late crypto entrepreneur Amit Bhardwaj. The ED pointed out that Kundra's role in the case is not just that of a middleman, but he directly holds the involved assets. The scheme has affected thousands of investors, and the investigation has been ongoing for several years, now entering judicial proceedings.