Businessman and Shilpa Shetty’s husband Raj Kundra was implicated by Mumbai Police in the much-talked about pornography case back in May 2022. The Enforcement Directorate began a money laundering investigation and now, reports have said they have found no direct connection between Kundra and the pornography racket.
The money laundering investigation by ED
A UK-based company called Kenrin, which is connected to other shell companies implicated in money laundering is the focus for ED as of now. It has been discovered that Kundra’s brother-in-law, Pradeep Bakshi, is the owner of Kenrin, and also happens to be the official promoter of the HotShot app.
Sources of ED say Saurabh Kushwah, CEO of Arms Prime Media Limited, approached Kundra to invest in the company back in January 2019, and his association lasted till December in the same year, when the HotShot app was developed. The app was later sold to Kenrin for $ 25,000, and ED is now reviewing the bank transactions.
Raj Kundra’s pornography case
Back in September 2021, Kundra walked out of a Mumbai jail, a day after a magistrate court granted bail to the key accused in a pornographic films case. Kundra was released from the Arthur Road jail shortly after 11.30 am, a jail official said.
Chief Metropolitan Magistrate SB Bhajipale on Monday allowed Kundra’s bail application on furnishing a bond of Rs 50,000.
Kundra, husband of Bollywood actor Shilpa Shetty, was arrested on 19 July, 2021 after being booked under relevant sections of the Indian Penal Code and the Information Technology Act.
The public prosecutor opposed Kundra’s application, saying just because the chargesheet has been filed, it does not imply bail is to be granted to the accused.
The police, in their supplementary chargesheet, had claimed Kundra was the “main facilitator” in the case and he along with other accused exploited young women struggling in the movie industry by filming them in obscene ways.
Shilpa Shetty‘s cryptic post
Taking to Instagram, Shetty posted a picture of herself along with a quote from the Chinese philosopher Confucius.
The quote read: “Our greatest glory is not in never falling, but in rising every time we fall”.
In the caption, the 46-year-old actor wrote, “There are always going to be moments that push you to the ground. In times like these, I truly believe that if you fall seven times, make yourself strong enough to be able to stand back up eight times.”