Raj Kundra summoned by court in ₹150-crore Bitcoin scam case
The world of cryptocurrency has been marred by numerous scams and fraudulent activities, with the latest one being the ₹150-crore Bitcoin scam case involving businessman Raj Kundra. A special court has recently summoned Kundra after taking cognisance of the chargesheet filed against him by the Enforcement Directorate (ED). This development comes after the ED accused Kundra of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam case.
In September 2025, the ED filed a chargesheet against Kundra, alleging that he was involved in a Ponzi scheme that duped numerous investors of their hard-earned money. The scheme, which promised unusually high returns to investors, was found to be a fraudulent activity designed to cheat people. The ED’s investigation revealed that Kundra had amassed a significant amount of wealth through this scheme, including 285 Bitcoins worth over ₹150 crore.
The court’s decision to summon Kundra is a significant development in the case, as it indicates that the ED has sufficient evidence to prove the allegations against him. The summons, which has been issued to Kundra as well as Dubai-based businessman Rajesh Satija, requires them to appear before the court on January 19. This will provide the court with an opportunity to examine the evidence against them and determine the next course of action.
The ₹150-crore Bitcoin scam case is a complex one, involving multiple parties and transactions. The ED’s investigation has revealed that the scam was perpetrated through a Ponzi scheme, which promised investors high returns on their investments. However, the scheme was found to be a fraudulent activity, designed to cheat people of their money. The ED has alleged that Kundra was involved in this scheme, and that he had amassed a significant amount of wealth through it.
The use of Bitcoin in the scam is also significant, as it highlights the risks associated with cryptocurrency transactions. Bitcoin, being a decentralized currency, is not regulated by any central authority, making it difficult to track transactions. This has made it a popular choice for scammers and fraudsters, who use it to launder money and carry out illicit activities.
The ED’s action against Kundra is part of a larger crackdown on cryptocurrency scams in India. In recent years, there have been numerous cases of cryptocurrency scams, with many investors losing their money to fraudulent schemes. The ED has been actively involved in investigating these cases, and has taken action against several individuals and companies involved in cryptocurrency scams.
The ₹150-crore Bitcoin scam case is also significant because of the high-profile individuals involved. Raj Kundra, who is the husband of actress Shilpa Shetty, is a well-known businessman and entrepreneur. His involvement in the scam has sent shockwaves through the business community, and has raised questions about the regulatory framework surrounding cryptocurrency transactions in India.
The case also highlights the need for greater awareness and education about cryptocurrency transactions. Many investors are unaware of the risks associated with cryptocurrency investments, and are often lured by promises of high returns. The ED’s action against Kundra is a reminder that cryptocurrency transactions are subject to the same laws and regulations as traditional financial transactions, and that scammers and fraudsters will be prosecuted to the fullest extent of the law.
In conclusion, the ₹150-crore Bitcoin scam case is a significant development in the world of cryptocurrency. The ED’s action against Raj Kundra is a reminder that scammers and fraudsters will be prosecuted, and that cryptocurrency transactions are subject to the same laws and regulations as traditional financial transactions. The case also highlights the need for greater awareness and education about cryptocurrency transactions, and the importance of regulating cryptocurrency transactions to prevent scams and fraudulent activities.
As the case progresses, it will be interesting to see how the court handles the allegations against Kundra and Satija. The ED’s chargesheet provides a detailed account of the evidence against them, and it will be up to the court to determine the next course of action. One thing is certain, however – the ₹150-crore Bitcoin scam case is a significant development in the world of cryptocurrency, and it will have far-reaching implications for the regulatory framework surrounding cryptocurrency transactions in India.
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