Raj Kundra husband of Bollywood actor Shilpa Shetty, will soon face money laundering and Foreign Exchange Management Act (FEMA) cases against him as Enforcement Directorate (ED) is likely to register cases under these Acts against him.
Sources said the Central agency, mandated to probe financial frauds related cases, may file a case against Kundra under the Prevention of Money Laundering Act (PMLA) and FEMA by the end of this month anytime after July 26.
It is learnt that Mumbai Police as per protocol will inform the ED to probe the financial irregularities in the case that also involves violation of foreign exchange.
On Friday, Mumbai Police raided actress Shilpa Shetty house and interrogated her about the case. In her statement, Shilpa claimed that her husband Raj Kundra is innocent and she wasn’t aware of the content that went on their app HotShots. She also said that the content was ‘erotic; and not ‘pornographic,’
According to Mumbai Police Sources, Shilpa Shetty said that ‘she has nothing to do with HotShots. She mentioned that erotica is different from porn and her husband Raj Kundra wasn’t involved in producing porn content.’ Shilpa Shetty also mentioned that it was their “brother-in-law Pradeep Bakshi who was involved with the app and its functioning.”
Mumbai Police sources stated: “Investigation has revealed that there were around 20 lakh subscribers of Hotshots app which is at the centre of the porn film racket allegedly involving actor Shilpa Shetty’s husband & businessman Raj Kundra.”
Kundra, meanwhile, has moved the Bombay High Court challenging the police remand and the cases against him. “Without following the due process of law under the provisions of Section 41A of the Code of Criminal Procedure, 1973, as mandated by the Supreme Court from time to time, police arrested Kundra by calling him under the grab of recording a statement,” the businessman’s plea states.
