In a recent development, the Enforcement Directorate (ED) disclosed the seizure of assets valued at Rs 98 crore, including a Pune-based bungalow and equity shares, linked to actor Shilpa Shetty and her husband Raj Kundra. This move is part of an ongoing investigation into alleged money laundering, focusing on the illicit acquisition of investor funds through Bitcoin transactions.
The assets seized include a residential flat in Juhu, Mumbai, registered under Shilpa Shetty’s name, along with a residential bungalow in Pune and equity shares held by Raj Kundra. This isn’t the first legal entanglement for Kundra, who previously spent two months in Mumbai’s Arthur Road jail in connection with a pornography case in 2021. He was subsequently granted bail by a metropolitan magistrate’s court in September 2021.
Raj Kundra’s Business Ventures
Raj Kundra’s business endeavors span across multiple countries, extending beyond India to include Mumbai, London, and other cities. His diverse business portfolio encompasses various sectors, reflecting his entrepreneurial acumen and global vision.
Luxurious Residences and Lifestyle
Kundra resides in a magnificent sea-facing bungalow in Mumbai, sharing the lavish abode with his wife Shilpa Shetty, and their children Viaan and Samisha. The opulent residence boasts state-of-the-art amenities, including a fully-equipped gym. Karan Kundra owns a luxurious villa in London and several high-end duplex apartments, all valued at substantial sums.
Reports suggest that Kundra even acquired a residence on the 19th floor of the iconic Burj Khalifa. Known for their extravagant lifestyle, Raj Kundra and Shilpa Shetty are proud owners of luxury vehicles, often photographed cruising in swanky SUVs.
Notable Automobile Collection
Mercedes Benz GL350CDI:
This 7-seater SUV is powered by a 3.0-litre turbocharged V6 diesel engine, delivering 330 bhp of power and 620 Nm of torque. With a top speed of 220 kmph and acceleration from 0-100 kmph in 7.9 seconds, it offers both performance and comfort.
Bentley Flying Spur:
Available in two variants, both petrol-powered, this luxury sedan offers opulence and power. With top speeds reaching 333 kmph and acceleration from 0 to 100 kmph in 4.6 seconds, it combines performance with elegance.
BMW i8:
Kundra’s environmentally conscious choice, this sleek black BMW i8 is a hybrid marvel. Featuring a 1.5-litre twin-turbo petrol engine and an electric motor, it produces a combined output of 362 bhp and 570 Nm torque. With a top speed of 250 kmph and rapid acceleration from 0 to 100 kmph in 4.4 seconds, it exemplifies innovation and speed.
Business Ventures and Investments
Beyond his real estate and automotive ventures, Raj Kundra’s business interests extend to various companies, including Viaan Industry Ltd, named after his son. He also holds directorship and CEO positions in a UK-based company. Moreover, Kundra and Shilpa Shetty have acquired a 50 percent stake in Bastion, a renowned restaurant in Mumbai.
Media reports estimate Kundra’s total assets to be valued at Rs 2800 crores, underscoring his success and influence in both domestic and international markets.
