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 cognisance 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 Ponzi scheme that promised high returns to investors in the form of Bitcoins. The scheme, which was allegedly operated by Satija, promised investors that they would receive a certain amount of Bitcoins in exchange for their investment. However, the scheme turned out to be a scam, and investors lost millions of rupees.
The ED’s investigation into the case revealed that Kundra had invested in the scheme and had received 285 Bitcoins, worth over ₹150 crore, as part of the scam. The agency also alleged that Kundra had failed to disclose his investments in the scheme and had not reported the receipt of the Bitcoins in his tax returns.
The special court, which is hearing the case under the Prevention of Money Laundering Act (PMLA), has summoned Kundra and Satija to appear before it on January 19. The court’s decision to summon Kundra is a significant development in the case, as it indicates that the ED has sufficient evidence to proceed against him.
The Bitcoin scam case has been making headlines in recent months, with several high-profile individuals being accused of involvement in the scheme. The case has also raised concerns about the lack of regulation in the cryptocurrency market and the need for stricter laws to prevent such scams.
Kundra’s involvement in the case has also raised questions about the role of celebrities in promoting cryptocurrency schemes. In recent years, several Bollywood celebrities have promoted cryptocurrency schemes, often without disclosing their own investments in the schemes. The case has highlighted the need for greater transparency and accountability in the promotion of such schemes.
The ED’s investigation into the case is ongoing, and it is expected that the agency will file additional chargesheets in the coming months. The case is also being monitored by the Ministry of Finance, which has expressed concerns about the growing number of cryptocurrency scams in the country.
In conclusion, the summoning of Raj Kundra by the special court is a significant development in the ₹150-crore Bitcoin scam case. The case has highlighted the need for greater regulation and oversight in the cryptocurrency market, as well as the need for celebrities to be more transparent about their investments in such schemes. As the case continues to unfold, it is likely that more details will emerge about the involvement of Kundra and other individuals in the scam.
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