Raj Kundra gets relief in Bitcoin scam case, granted bail by PMLA court in Mumbai

Raj Kundra, the well-known businessman and husband of actress Shilpa Shetty, has been granted bail by the Prevention of Money Laundering Act (PMLA) court in Mumbai in connection with a high-profile Bitcoin scam. The court's decision comes after Kundra's legal team argued that he was being unfairly targeted and that there was insufficient evidence to justify his continued detention. The Bitcoin scam has drawn significant media attention, involving allegations of fraud and money laundering linked to cryptocurrency transactions. Kundra's involvement has heightened scrutiny given his previous legal troubles. His release on bail allows him to prepare his defense as investigations continue into the scam that has raised questions about regulatory oversight in India's burgeoning cryptocurrency market. As the case unfolds, it reflects the increasing challenges faced by authorities in managing the fast-evolving landscape of digital currencies and associated criminal activities.