Raj Kundra joins ED’s probe in Mirchi’s property dealings

Mumbai: Businessman Raj Kundra reached the Enforcement Directorate’s (ED) Ballard Pier office at 11 am to join the federal agency’s probe into the alleged property dealing of late gangster Iqbal Memon alias Iqbal Mirchi, the proceeds of which are suspected to have been used for terror funding. Kundra who is the husband of Bollywood actress, Shilpa Shetty was summoned earlier this week by ED, people in the know told ET.

ET was first to report on October 23 on the ED looking into an unsecured of Rs 3.46 crore loan given by RKW Developers in 2011 to Essential Hospitality, in which Shetty and Kundra were directors. Rajneet Bindra, an agent who is accused of brokering a property deal involving Iqbal Mirchi, was a director of RKW Developers.

Kundra and Bindra are also allegedly linked in another company, Bastian Hospitality. In a resolution passed at a board meeting held on April 18, 2019, Raj Kundra was appointed as a director, stated a company document seen by ET.


At an earlier occasion, Kundra denied any deals with Bindra. “I would like to put on record I am not aware of any past dealings of Mr Ranjit (Rajneet) Bindra,” he said in an emailed response to ET’s query. “In 2011 I sold a plot to RKW Developers. My deal was not with Mr Bindra, neither was I aware he has been a director in that company,” the email stated.

“My CA is checking the same tomorrow. As far as I can recall the deal took that long because that’s how long they took to pay. And that amount was sent as an advance to pay one last tenant to evacuate and make it a clear title property,” Kundra said.