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 move 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. Along with Kundra, Dubai-based businessman Rajesh Satija has also been asked to appear before the court on January 19.
The ED had filed the chargesheet against Kundra and Satija in September 2025, alleging that they were involved in a Bitcoin-based Ponzi scam. The scam, which is said to have duped several investors of their hard-earned money, had come to light in 2020. The ED had launched an investigation into the scam and had filed a complaint against Kundra and Satija under the Prevention of Money Laundering Act (PMLA).
According to the ED, Kundra and Satija had floated a company called Satyam Infra, which promised investors high returns on their investments in Bitcoin. The company had claimed that it was involved in Bitcoin mining and trading, and had promised investors that they would get high returns on their investments. However, the ED alleged that the company was nothing but a Ponzi scheme, and that Kundra and Satija had used the money invested by investors to fund their own lavish lifestyle.
The ED had also alleged that Kundra and Satija had laundered money worth several crores of rupees through the scam. The agency had said that the duo had used the money to buy luxury cars, properties, and other assets. The ED had also alleged that Kundra and Satija had tried to conceal their involvement in the scam by using fake identities and shell companies.
The court’s decision to summon Kundra and Satija is a significant development in the case. The ED had been investigating the scam for several years, and had gathered significant evidence against the duo. The agency had also attached several properties and assets belonging to Kundra and Satija, worth several crores of rupees.
The Bitcoin scam case has sent shockwaves in the business and entertainment industries. Kundra, who is a well-known businessman and entrepreneur, has been accused of using his influence and reputation to dupe investors. The case has also raised questions about the regulation of cryptocurrencies in India, and the need for stricter laws to prevent such scams.
The ED’s investigation into the scam is ongoing, and the agency is expected to file more chargesheets against Kundra and Satija in the coming days. The court’s decision to summon the duo is a significant step towards bringing the perpetrators of the scam to justice.
In recent years, there have been several cases of Bitcoin-based Ponzi scams in India. These scams have duped several investors of their hard-earned money, and have raised concerns about the safety and security of investing in cryptocurrencies. The government has been taking steps to regulate the cryptocurrency market in India, and has introduced several laws and regulations to prevent such scams.
The ₹150-crore Bitcoin scam case is one of the biggest such cases in India, and has sent shockwaves in the business and entertainment industries. The case has also raised questions about the involvement of celebrities and businessmen in such scams, and the need for stricter laws to prevent such scams.
In conclusion, the court’s decision to summon Raj Kundra and Rajesh Satija in the ₹150-crore Bitcoin scam case is a significant development. The ED’s investigation into the scam is ongoing, and the agency is expected to file more chargesheets against the duo in the coming days. The case has raised questions about the regulation of cryptocurrencies in India, and the need for stricter laws to prevent such scams. As the investigation continues, it remains to be seen what actions will be taken against Kundra and Satija, and how the case will unfold in the coming days.
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