On Wednesday, businessman Raj Kundra is being interrogated in a money laundering case involved against Iqbal Mirchi, two-days after he was summoned in the scam.
Mr. Kundra has reached the Ballard Pier Office of Enforcement Directorate in Mumbai at 11:00 AM for interrogation. On November 4, he was interrogated under the Prevention of Money Laundering Act (PMLA). However, Mr. Kundra opted to appear before the investigation agency due to some personal reasons.
The ED is looking at his purported business dealings with Iqbal Mirchi’s advisor Ranjeet Bindra and an organization named Bastian Hospitality. Earlier, he had denied any wrongdoings.
In 2013, Iqbal Mirchi had died of a heart attack in London, was reportedly a close associate of Dawood Ibrahim in extortion crimes and drug trafficking. The probe agency had lodged a criminal case against Iqbal Mirchi, his family and others to investigate money laundering charges for reportedly illegal dealings in the purchase as well as sale of costly real-estate assets in Mumbai. Ranjeet Bindra was recently detained in the money laundering case by the investigating agency.
In 2011, a loan of Rs. 3.46 crore was sanctioned to Essential Hospitality by the RKW Developers, where Mr. Kundra and Shilpa Shetty were directors, informed the investigating officers during the probe. Meanwhile, Mr. Bindra is one of the directors of RKW Developers.
Multiple raids have been conducted by the investigating agency in the last few months in the money laundering case based on the complaints lodged with the Mumbai Police.
Raj Kundra was also interrogated by the probe agency last year in a bitcoin scam case.