Raj Kundra summoned by court in ₹150-crore Bitcoin scam case
In a significant development, a special court has issued a summons to 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 two have been asked to appear before the court on January 19.
The ED had filed the chargesheet against Kundra and Satija in September 2025, accusing them of being involved in a Ponzi scam case. According to the ED, Kundra had 285 Bitcoins worth over ₹150 crore, which were allegedly acquired through the scam. The agency had been investigating the case for several months before filing the chargesheet.
The case against Kundra and Satija is related to a Bitcoin scam that was uncovered by the ED in 2025. The scam involved the use of Bitcoins to dupe investors, with promises of high returns. The ED had launched an investigation into the scam and had arrested several people in connection with the case. Kundra and Satija were among those who were accused of being involved in the scam.
The ED’s investigation had revealed that Kundra had acquired the 285 Bitcoins through the scam, and that he had been using them to launder money. The agency had also alleged that Kundra had been involved in other financial irregularities, including money laundering and cheating.
The court’s decision to issue a summons to Kundra and Satija is a significant development in the case. The two will now have to appear before the court on January 19 and respond to the charges against them. If convicted, they could face serious penalties, including imprisonment and fines.
The case against Kundra has also raised questions about the regulation of cryptocurrencies in India. The use of Bitcoins and other cryptocurrencies has been growing in popularity in recent years, but there is still a lack of clarity about how they are regulated. The ED’s investigation into the Bitcoin scam has highlighted the need for stronger regulations to prevent the use of cryptocurrencies for illegal activities.
In recent years, there have been several cases of cryptocurrency scams in India, with many investors losing large sums of money. The government has been under pressure to take action to regulate the use of cryptocurrencies and prevent such scams.
The case against Kundra is also a high-profile one, given his connection to the Bollywood industry. Shilpa Shetty, Kundra’s wife, is a well-known actress and businesswoman, and the couple has been in the news for several years. The case against Kundra has raised questions about the involvement of celebrities in financial irregularities and the need for greater transparency and accountability.
In conclusion, the summons issued to Raj Kundra by the special court is a significant development in the ₹150-crore Bitcoin scam case. The case highlights the need for stronger regulations to prevent the use of cryptocurrencies for illegal activities and the importance of holding those involved in such activities accountable. The outcome of the case will be closely watched, and it will be interesting to see how the court proceeds with the matter.
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