ED raids Raj Kundra’s properties in money laundering probe linked to porn network

The Enforcement Directorate (ED) on Friday conducted raids at several properties linked to businessman Raj Kundra, including his residences and offices in Mumbai. These raids are part of a money laundering investigation connected to the alleged creation and distribution of pornographic content through mobile applications. The ED is reportedly focusing on gathering financial records and documents related to the case at the targeted locations.

The ED's operation extended to 15 locations across Mumbai and Uttar Pradesh, not limited to Kundra’s properties. The agency is investigating the movement of funds from the proceeds of explicit content distributed through mobile platforms. According to the ED, financial connections suggest money laundering activities in relation to the adult content network.

Raj Kundra has faced legal issues since 2021, when he was arrested by the Mumbai Crime Branch in connection with the now-defunct Hotshots app. The app, which allegedly monetized adult videos, was removed from app stores after facing public and legal scrutiny. Kundra was later granted bail, but the investigation into his involvement with the app and related activities has continued.

In addition to the pornography-related case, the ED is investigating Kundra's possible involvement in the Gain Bitcoin crypto scam, a Ponzi scheme led by Amit Bhardwaj. Earlier in 2024, the ED attached assets worth ₹98 crore owned by Kundra and his wife, Shilpa Shetty, claiming that these assets were acquired with the proceeds of crime, including from the Gain Bitcoin scam.

The ED's investigations are not limited to Kundra’s direct involvement but also extend to his associates and other individuals implicated in the case. The agency is examining a range of financial transactions, properties, and business dealings tied to the alleged illicit activities. As of now, the investigation is ongoing, with authorities continuing to track down all assets linked to the case.