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PMLA Court issues summons to Raj Kundra in Bitcoin scam case

Raj Kundra has been summoned by a special PMLA court in the Bitcoin scam case, accused of holding 285 Bitcoins linked to Gain Bitcoin promoter Amit Bhardwaj.

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Raj Kundra

A special PMLA court has issued summons to businessman Raj Kundra in connection with the Bitcoin scam case, following the Enforcement Directorate’s (ED) chargesheet. The court has directed Kundra, along with Dubai-based businessman Rajesh Satija, to appear before it on January 19.

Kundra and Satija were added as accused in a supplementary filing by the ED in September last year. The case is being investigated under the Prevention of Money Laundering Act (PMLA).

ED claims Kundra received 285 Bitcoins

According to the ED, Raj Kundra received 285 Bitcoins from Amit Bhardwaj, the promoter of the Gain Bitcoin Ponzi scheme, for establishing a Bitcoin mining farm in Ukraine. The deal did not proceed, and Kundra is alleged to still hold the Bitcoins, currently valued at over Rs 150 crore.

The chargesheet also notes that Kundra claimed to act merely as a mediator in the transactions but failed to provide any documentary evidence to support this claim. Instead, an agreement titled “Term Sheet” exists between him and Mahendra Bhardwaj, Amit’s father.

Evidence suggests Kundra was the beneficial owner

The ED stated that Kundra recalling the exact number of Bitcoins received across five tranches over seven years indicates he was the actual recipient and not a mediator. Additionally, he has not disclosed the wallet addresses for these Bitcoins despite multiple opportunities since 2018. Kundra reportedly cited damage to his iPhone X as the reason for missing details, which the ED views as a deliberate attempt to conceal proceeds of crime.

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Delhi restaurant fire kills over 20 in Malviya Nagar, dozens rescued

A massive fire at a restaurant building in Delhi’s Malviya Nagar killed over 20 people and injured several others. Authorities have launched an investigation into the cause of the blaze.

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Malviya Nagar Hotel Fire

A devastating fire at a restaurant building in Delhi’s Malviya Nagar area claimed the lives of more than 20 people on Wednesday, triggering a large-scale rescue operation by emergency services. Authorities said dozens of people were trapped inside the multi-storey structure when the blaze broke out during the morning hours.

According to fire officials, an emergency call was received at around 9:45 am, following which multiple fire tenders and rescue teams were rushed to the spot. Firefighters battled thick smoke and flames while carrying out evacuation efforts from different parts of the building.

Rescue operation saves dozens

Officials said 37 people were rescued and taken to hospitals through emergency ambulance services. Several victims reportedly suffered injuries, while the death toll continued to be assessed as rescue and search operations progressed.

The building housed a restaurant on the ground floor, and preliminary information suggests the fire may have originated there. However, authorities have not yet confirmed the exact cause of the blaze.

Investigation underway

Witnesses described scenes of panic as smoke rapidly spread through the building. Some occupants reportedly jumped from upper floors in attempts to escape the flames while local residents assisted rescue efforts before emergency teams arrived.

Officials have launched an investigation to determine the cause of the fire and examine whether safety norms were being followed at the premises. The identities of several victims were still being verified at the time of reporting.

The incident is among the deadliest fire tragedies reported in the national capital in recent years and has once again raised concerns about fire safety compliance in commercial establishments.

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Annamalai resigns from BJP, signals launch of new political party in Tamil Nadu

Former Tamil Nadu BJP president K Annamalai has submitted his resignation to the party leadership in Delhi, with reports indicating that he is preparing to launch a new political outfit.

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K Annamalai

Former Tamil Nadu BJP president K. Annamalai has resigned from the Bharatiya Janata Party after meeting senior party leaders in New Delhi, marking a significant political development in the state. Reports indicate that he is now preparing to launch a new political party.

According to reports, Annamalai met BJP national president Nitin Nabin and the party’s national general secretary (organisation), B. L. Santhosh, in Delhi and formally submitted his resignation.

The move comes after months of speculation regarding his future within the BJP. Annamalai, a former IPS officer who joined the party in 2020, had emerged as one of the BJP’s most prominent faces in Tamil Nadu and played a key role in expanding the party’s visibility in the state.

Reports suggest that differences over the BJP’s alliance strategy in Tamil Nadu, particularly its association with the AIADMK, were among the factors behind his decision. Sources also indicated that Annamalai had concerns regarding the party’s electoral approach and his future role within the organisation.

Despite his resignation, BJP leaders reportedly attempted to persuade him to reconsider his decision. Discussions were held with the former state chief as the party leadership sought to address his concerns.

Reports further indicate that Annamalai is considering the launch of a new political party focused on Tamil Nadu politics. While details about the proposed outfit are yet to be officially announced, his next move is expected to attract considerable attention in the state’s political landscape.

The development comes at a time when Tamil Nadu politics is witnessing significant shifts, and Annamalai’s decision could have implications for future political alignments in the state.

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G Parameshwara likely to be deputy CM in DK Shivakumar-led Karnataka government

G Parameshwara is expected to be appointed Deputy Chief Minister as the Congress finalizes the cabinet for the incoming DK Shivakumar-led Karnataka government.

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Senior Congress leader and Karnataka Home Minister G Parameshwara is likely to be appointed Deputy Chief Minister in the new government led by DK Shivakumar, according to sources familiar with the ongoing discussions within the party. The move is seen as part of the Congress leadership’s efforts to ensure social and regional representation in the state’s new political setup.

The development comes as DK Shivakumar prepares to take oath as Karnataka’s Chief Minister following his election as the leader of the Congress Legislature Party after Siddaramaiah’s exit from the top post. The swearing-in ceremony is scheduled to take place in Bengaluru on June 3.

Parameshwara is one of the most prominent Dalit faces in Karnataka Congress and has held several important positions in the party and government over the years. Party leaders have reportedly been engaged in consultations over the composition of the new cabinet and the distribution of key positions ahead of the swearing-in ceremony.

The Congress leadership has been working to finalize ministerial appointments and balance representation among various communities and regions. Reports have also suggested that multiple deputy chief minister positions were under consideration as part of the broader cabinet formation exercise.

High-level meetings involving DK Shivakumar, Siddaramaiah and senior Congress leaders have taken place in New Delhi in recent days to finalize the structure of the new government. The discussions have focused on cabinet composition and organizational appointments ahead of the transition.

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