This stock involving Shilpa Shetty, Raj Kundra tanks 20% today; it has Bitcoin connection too
The ED is looking through a criminal case under the Prevention of Money Laundering Act (PMLA) against bitcoin-based investment website GainBitcoin, its founder Amit Bhardwaj and eight others. It is alleged Raj Kundra is a promoter of one of the mining companies of Bhardwaj.
This stock hit a lower circuit of 20 per cent to Rs 18.40 on the BSE today. Image source: Reuters