Raj Kundra summoned by court in ₹150-crore Bitcoin scam case
In a significant development, a special court has summoned businessman Raj Kundra, the husband of Bollywood actress Shilpa Shetty, in connection with a ₹150-crore Bitcoin scam case. The court’s decision comes after it took cognizance of the chargesheet filed by the Enforcement Directorate (ED) against Kundra and another accused, Dubai-based businessman Rajesh Satija. The ED had accused Kundra of possessing 285 Bitcoins, valued at over ₹150 crore, in a Ponzi scam case.
The court has directed Kundra and Satija to appear before it on January 19, marking a crucial step in the investigation into the alleged Bitcoin scam. The ED had filed the chargesheet against Kundra and Satija in September 2025, detailing the allegations of money laundering and other financial irregularities. The chargesheet is a culmination of a lengthy investigation by the ED, which has been probing the alleged scam for several months.
The case involves a Ponzi scheme, in which investors were lured into investing in Bitcoins with promises of unusually high returns. The scam is believed to have affected numerous investors, who lost significant amounts of money in the process. The ED’s investigation has revealed that Kundra and Satija were allegedly involved in the scam, using the Bitcoins to launder money and conceal the true nature of their financial transactions.
The ED’s chargesheet against Kundra and Satija is a significant development in the case, as it provides a detailed account of the alleged wrongdoing and the evidence gathered by the agency during its investigation. The chargesheet is likely to form the basis of the prosecution’s case against the accused, and its contents will be closely examined by the court as it considers the allegations against Kundra and Satija.
The summoning of Kundra and Satija by the court marks a major milestone in the investigation, as it indicates that the court has found sufficient evidence to proceed with the case against the accused. The appearance of Kundra and Satija before the court on January 19 will provide an opportunity for the prosecution to present its case and for the accused to respond to the allegations against them.
The ₹150-crore Bitcoin scam case has significant implications for the financial sector, as it highlights the risks associated with investing in cryptocurrencies. The case also underscores the need for stricter regulations and oversight to prevent such scams from occurring in the future. The ED’s investigation and the court’s decision to summon Kundra and Satija demonstrate the commitment of law enforcement agencies to combating financial crimes and protecting the interests of investors.
As the case against Kundra and Satija proceeds, it is likely to attract significant attention from the media and the public. The involvement of a high-profile accused like Kundra, who is the husband of a prominent Bollywood actress, has already generated considerable interest in the case. The outcome of the case will be closely watched, as it will have important implications for the accused, the investors who lost money in the scam, and the broader financial sector.
In conclusion, the summoning of Raj Kundra by the court in the ₹150-crore Bitcoin scam case is a significant development in the investigation. The ED’s chargesheet against Kundra and Satija provides a detailed account of the alleged wrongdoing, and the court’s decision to proceed with the case against the accused marks a major milestone in the probe. As the case proceeds, it will be important to monitor the developments and consider the implications for the financial sector and the broader community.
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