ED summoned me as witness in bitcoin probe: Raj Kundra
Mumbai, June 6: Mumbai businessman Raj Kundra on Wednesday claimed that he had gone to the Enforcement Directorate (ED) as a witness for the ongoing investigations in the Rs 2,000 crore bitcoin scam.
Kundra -- the husband of Bollywood actress Shilpa Shetty -- had appeared before the ED office in Mumbai on Tuesday.
According to some media reports (not by IANS), he was reportedly grilled for several hours by the ED investigators.
"I was summoned by the ED merely as a witness. An enquiry is underway by the concerned regulatory authorities and I stand committed to extend all my cooperation to the law enforcement agency," Kundra said, clearing the air on the issue in a statement.
A businessman with interest in sports, this is not Kundra's first brush with law.
In the past, he had appeared before different authorities on his investments in the Rajasthan Royals IPL team.
Some members of that team were also embroiled in the cricket spot-fixing scandal.
In his statement here vis-A-vis the media speculation of his grilling, Kundra said: "I am terribly disappointed by the irresponsible reporting carried out by some sections of the media. Clarity on the issue should have been sought before carrying such headlines."
"The authorities, summoned me merely as a witness, as the accused Amit Bharadwaj happens to be an acquaintance and some introductions were made hence there is a certain protocol being followed by the agencies," said Kundra.
He added that Bharadwaj was intending to buy a team in his Poker League and had entered into a contract with them for the same.
"However, he was expelled on account of non-payment of fees and I was called as a witness in this connection. While we continuously strive to keep taking steps to improve our reputation, these type of unconfirmed, baseless, reports severely dent our market perception and erode investor sentiments," he said.
"Notwithstanding what has happened, at Viaan Industries, we shall continue to focus on growing our gaming and media vertical. We remain excited about the company's future and strive to keep adding shareholder value," he said.
It may be recalled, the ED, sometime back, had registered a criminal case under the Prevention of Money Laundering Act (PMLA) against a bitcoin-based investment website GainBitcoin, its founder Amit Bhardwaj and eight others.
The ED had alleged that about 8,000 investors lost around Rs 2,000 crore funds by transacting in this scheme.
The Pune police had later arrested Bhardwaj and his brother Vivek in the case.
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Telangana CM urges Amit Shah to increase sanctioned strength of IPS officers in state
Hyderabad (PTI): Telangana Chief Minister A Revanth Reddy met Union Home Minister Amit Shah in Delhi on Wednesday night and urged him to increase the sanctioned strength of IPS officers to the state in view of its growing administrative and security needs.
The two leaders also discussed the recent surrender of several senior Maoist leaders before the Telangana Police and other issues.
"During the meeting, the two leaders discussed the issue of Maoist surrenders and their rehabilitation. The chief minister informed Shah that significant improvements in policing have taken place in Telangana over the past two years," an official release here said.
Highlighting that 591 Maoists have laid down their arms and joined the mainstream of society during this period, the chief minister said the state government was providing them compensation and rehabilitation assistance as per the rules.
He requested the Union home minister to extend financial support from the central government for development works in the backward regions of the state.
Reddy also urged Shah to increase the sanctioned strength of IPS officers to the state from 83 to 105 in line with the state's growing administrative and security needs, the statement said.
The first cadre review after the formation of Telangana was conducted in 2016, while the next review, due in 2021, was delayed and finally carried out in 2025. Even then, only seven additional IPS officers were allocated to the state, the chief minister informed Shah and requested that the third cadre review be conducted in 2026 as per the schedule.
Reddy explained that Telangana, like the rest of the country, is facing several modern challenges, including cybercrime, drug trafficking, white-collar crimes, and other emerging security threats.
He highlighted the reorganisation of the Hyderabad, Cyberabad, and Malkajgiri Police Commissionerates, the proposed formation of the Future City Commissionerate and the rapidly growing population in Hyderabad to underline the increasing administrative requirements of the state.
