Mumbai’s PMLA court delivered relief to Raj Kundra, granting bail in the notorious Gain Bitcoin fraud case orchestrated by Amit Bhardwaj. The media-savvy magnate, spouse of Shilpa Shetty, proclaimed innocence immediately after walking free.
‘I did nothing illegal, hence bail was assured,’ Kundra beamed to journalists. ‘God’s kindness resolved it all.’
He vented on coverage: ‘Unnecessarily sensationalized. I repose faith in our laws – truth prevails.’
On flouting mask norms in court, he said, ‘Mental storm back then. Masks off me now; time for revelations elsewhere.’
Flashback to 2017: Bhardwaj allegedly gave 285 BTC for Ukraine mining, deal aborted. ED hunts these coins, valued ₹150 crore presently.
Lawyer Prashant Patil’s knockout punch: ‘2017 price: ₹6.6 crore. ED’s today-tomorrow valuation is bogus.’ Court concurred.
Conditions: ₹1 lakh bond, travel curbs. Amid crypto winter, this underscores judicial scrutiny of ED tactics.
Kundra’s liberty pivots the narrative from suspect to litigant. With PMLA charges lingering, expect valuation wars and testimony showdowns. India’s crypto crackdown gains nuance through such high-stakes dramas.