Mumbai, November 29, 2024 – The Enforcement Directorate (ED) conducted searches at the premises of several individuals, including businessman Raj Kundra, as part of its ongoing money-laundering investigation. The investigation is linked to the alleged production and circulation of pornographic content through mobile applications.
The raids were carried out early in the morning at multiple locations, including Kundra's residence in Mumbai. The ED's actions are part of a broader effort to uncover financial irregularities and suspected links to criminal activities. The investigation stems from allegations of large-scale financial transactions that violated regulatory norms, raising suspicions of money laundering under the Prevention of Money Laundering Act (PMLA).
Raj Kundra, who is married to Bollywood actress Shilpa Shetty, has been under scrutiny for his alleged involvement in producing and distributing explicit content through mobile apps. This is not the first time Kundra has faced legal issues; he was previously arrested in 2021 in connection with a similar case but was later released on bail.
The ED's search operations aim to trace the money trail and uncover any hidden financial networks that may be linked to illicit activities. Reports suggest that digital evidence, documents, and other materials were seized during the raids, which could help investigators establish the alleged money laundering trail.
While Kundra has not officially commented on the recent ED action, legal experts anticipate that he may be summoned for questioning in the coming days. The ED has yet to release an official statement on the outcomes of the raids, but officials confirmed that the operation is part of an ongoing effort to trace money laundering activities in India, which have significant implications for the country's financial stability.
Further developments are expected as the investigation unfolds, with the ED intensifying efforts to curb financial irregularities, particularly those involving high-profile individuals and businesses suspected of bypassing financial laws.