Raj Kundra, a British businessman and spouse of Bollywood star Shilpa Shetty, was questioned by Indian law enforcement (ED) in connection with Amit Bhardwaj’s alleged cryptocurrency ponzi scheme, Quartz India reports Wednesday, June 6.
Amit Bhardwaj and his brother, Vivek Bhardwaj had been arrested in India on April 4 on the charges of scamming about 8,000 investors out of around $300 mln through their GainBitcoin investment scheme. The platform guaranteed 10 percent monthly returns, a claim not realized by investors, and issued its own MCAP token in an Initial Coin Offering (ICO) that is considered fraudulent due to the company’s price manipulation.