Thursday, August 11, 2022

ED files money laundering case against Raj Kundra

In connection with the production and distribution of pornographic films, the Enforcement Directorate (ED) has filed a money laundering complaint against actor Shilpa Shetty’s husband and businessman Raj Kundra.

According to ED sources, Kundra founded Arms Prime Media Limited in February 2019 and developed the app ‘Hotshots.’ The Hotshots app was later sold to Kenrin, a firm based in the United Kingdom. Pradeep Bakshi, Raj Kundra’s brother-in-law, is the CEO of Kenrin, a company situated in the United Kingdom.

Furthermore, Kundra’s company Viaan Industries partnered with Kenrin to maintain the Hotshots app, and a transaction worth crores of rupees was made to Viaan’s 13 bank accounts for this purpose.

According to sources, the Hotshots app was actually a platform for porn videos produced in India and uploaded to the app in order to sell memberships. The money received from subscribers was transferred to Kundra’s company, Viaan Industries.

Money collected from pornographic films was funnelled into Kundra’s company’s account in the United Kingdom.

Raj Kundra along with 11 others, was arrested on July 19, 2021 on allegations of allegedly making pornographic videos.

However, Kundra was granted bail in the pornographic case by a Mumbai court on September 20, with a bond of Rs 50,000.

Raj Kundra was accused of making and distributing pornographic films through a subscription-based smartphone app called ‘Hotshots.’

Meanwhile, Kundra has denied all of the claims levelled against him, claiming that he has been wrongfully accused.

Latest news

Related news