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 taking cognizance of the chargesheet filed against Kundra by the Enforcement Directorate (ED). The ED had accused Kundra of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam case, which was uncovered in September 2025.
According to the ED, Kundra and Dubai-based businessman Rajesh Satija were involved in a Bitcoin scam, where they allegedly duped investors of large sums of money. The ED had filed a chargesheet against Kundra and Satija, detailing the allegations against them. The court, after examining the chargesheet, has now summoned Kundra and Satija to appear before it on January 19.
The Bitcoin scam case involves a Ponzi scheme, where investors were promised high returns on their investments in Bitcoin. However, the accused allegedly used the invested funds for their personal gain, rather than investing them in Bitcoin. The ED has alleged that Kundra and Satija were involved in this scheme, and had amassed a large amount of wealth through it.
The ED’s investigation into the case began in 2025, after it received complaints from several investors who had been duped by the accused. The agency had conducted raids on several locations, including Kundra’s residence and office, and had seized several documents and digital evidence. The investigation had revealed that Kundra and Satija had been involved in the Bitcoin scam, and had amassed a large amount of wealth through it.
The court’s decision to summon Kundra and Satija is a significant development in the case. The ED had filed a chargesheet against the accused, detailing the allegations against them. The court’s decision to take cognizance of the chargesheet and summon the accused indicates that the court is serious about pursuing the case and ensuring that justice is served.
Kundra’s involvement in the Bitcoin scam case has raised several questions about his business dealings and his association with questionable individuals. The ED’s investigation has revealed that Kundra had been involved in several other business ventures, including a mining company and a real estate firm. However, the agency has alleged that these ventures were merely a front for his illicit activities.
The Bitcoin scam case has also raised concerns about the lack of regulation in the cryptocurrency market. The ED’s investigation has revealed that the accused had used the lack of regulation to their advantage, duping investors of large sums of money. The case has highlighted the need for greater regulation and oversight in the cryptocurrency market, to prevent such scams from occurring in the future.
In conclusion, the court’s decision to summon Raj Kundra in the ₹150-crore Bitcoin scam case is a significant development. The ED’s investigation has revealed that Kundra and Satija were involved in a Ponzi scheme, where they allegedly duped investors of large sums of money. The court’s decision to take cognizance of the chargesheet and summon the accused indicates that the court is serious about pursuing the case and ensuring that justice is served. The case has raised several questions about Kundra’s business dealings and his association with questionable individuals, and has highlighted the need for greater regulation and oversight in the cryptocurrency market.
The next hearing in the case is scheduled for January 19, where Kundra and Satija are expected to appear before the court. The outcome of the case will be closely watched, as it will have significant implications for the accused and the cryptocurrency market as a whole.
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