Raj Kundra summoned by court in ₹150-crore Bitcoin scam case
The world of cryptocurrency has been marred by scams and fraudulent activities, and the latest development in a high-profile case has sent shockwaves through the industry. A special court has summoned businessman Raj Kundra, 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 by the Enforcement Directorate (ED) against Kundra and Dubai-based businessman Rajesh Satija.
In September 2025, the ED accused Kundra of possessing 285 Bitcoins worth over ₹150 crore in a Ponzi scam case. The agency alleged that Kundra was involved in a cryptocurrency-based scam, where investors were lured into investing in a fake cryptocurrency scheme with promises of high returns. The ED’s investigation revealed that Kundra had acquired the Bitcoins through this scam, and the agency has now charged him under the Prevention of Money Laundering Act (PMLA).
The special court has asked Kundra to appear before it on January 19, along with Rajesh Satija, who is also accused in the case. The court’s summons is a significant development in the case, as it indicates that the ED has sufficient evidence to proceed against Kundra and Satija. The accused will now have to appear before the court and respond to the charges leveled against them.
The Bitcoin scam case has been making headlines for several months, with the ED conducting raids and arrests in connection with the case. The agency has alleged that the scam involved a network of individuals and companies that lured investors into investing in a fake cryptocurrency scheme. The investors were promised high returns, but the scamsters disappeared with their money, leaving them with significant losses.
The ED’s investigation has revealed that the scam was operated through a complex web of shell companies and cryptocurrency exchanges. The agency has alleged that Kundra and Satija were involved in the scam, and that they had used the proceeds of the crime to acquire assets and invest in other businesses.
The case has raised concerns about the lack of regulation in the cryptocurrency industry, which has made it vulnerable to scams and fraudulent activities. The Indian government has been cracking down on cryptocurrency scams, and the ED’s investigation is part of a larger effort to regulate the industry and protect investors.
The summoning of Raj Kundra by the court is a significant development in the case, as it indicates that the ED has sufficient evidence to proceed against him. Kundra’s involvement in the scam has raised questions about the role of celebrities and business leaders in promoting cryptocurrency schemes. The case has also highlighted the need for greater awareness and education about cryptocurrency investments, as well as the importance of regulating the industry to prevent scams and fraudulent activities.
As the case progresses, it will be interesting to see how the court proceeds against Kundra and Satija. The ED’s investigation has revealed a complex web of transactions and shell companies, and it will be challenging for the accused to defend themselves against the charges. The case has significant implications for the cryptocurrency industry, and it will be closely watched by investors, regulators, and law enforcement agencies.
In conclusion, the summoning of Raj Kundra by the court in the ₹150-crore Bitcoin scam case is a significant development that highlights the need for greater regulation and oversight in the cryptocurrency industry. The case has raised concerns about the lack of transparency and accountability in cryptocurrency investments, and it has highlighted the importance of protecting investors from scams and fraudulent activities. As the case progresses, it will be interesting to see how the court proceeds against Kundra and Satija, and what implications the case will have for the cryptocurrency industry as a whole.
About the Author
