Raj Kundra, a prominent businessman and the husband of Bollywood actress Shilpa Shetty, has received significant relief when a special Prevention of Money Laundering Act (PMLA) court in Mumbai granted him bail in a high-profile case involving an alleged bitcoin scam amounting to ₹150 crore. The case, which has garnered widespread attention over the past several months, has focused on allegations of money laundering, with the Enforcement Directorate (ED) investigating the claims surrounding illicit financial transactions. Kundra's bail provides him a temporary reprieve as legal proceedings continue.

Prior to the court appearance, Raj Kundra was seen smiling and posing for the paparazzi, a stark contrast to the usual demeanor of individuals faced with such grave legal challenges. His relaxed state suggested confidence or perhaps relief at the development in his legal battles. The ongoing media scrutiny and public interest in the case have intensified, illuminating not only the complexities of the allegations but also the personal toll it may take on Kundra and his family.

Kundra's lawyer, Prashant Patil, presented the facts of the case in court, countering the ED's accusations, which claim that Kundra received 285 bitcoins around July 2017, a transaction that allegedly plays a pivotal role in the money laundering case. As the case unfolds, further details are likely to emerge, which could have broader implications for other individuals involved and the regulatory framework surrounding cryptocurrency ventures in India.