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 unearthed in September 2025.
According to the ED, Kundra, along with Dubai-based businessman Rajesh Satija, was involved in a cryptocurrency-based Ponzi scheme, where investors were lured with promises of high returns. The scheme, which was allegedly operated by Satija, promised investors that they would receive high returns on their investments in Bitcoin. However, the investors were eventually left with significant losses, and the accused made off with the invested amounts.
The ED’s investigation into the matter revealed that Kundra had a significant stake in the scheme, with 285 Bitcoins worth over ₹150 crore. The agency accused Kundra of having knowledge of the scam and of having benefited from it. The ED also alleged that Kundra had failed to disclose his holdings of Bitcoin to the authorities, which is a violation of the Prevention of Money Laundering Act (PMLA).
The special court, which is hearing the case, has now summoned Kundra, along with 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 court has found sufficient evidence to proceed with the trial.
The Bitcoin scam case has been making headlines for several months now, with several high-profile individuals being accused of involvement. The ED has been investigating the case, and has filed chargesheets against several accused, including Kundra and Satija. The case has also highlighted the risks associated with investing in cryptocurrencies, particularly in schemes that promise high returns with little risk.
The ED’s investigation into the case has also revealed that several other individuals, including some prominent businessmen and celebrities, may have been involved in the scam. The agency is continuing its investigation, and is expected to file further chargesheets in the coming weeks.
The summons issued to Kundra is a significant development in the case, as it indicates that the court is taking a serious view of the allegations against him. Kundra’s involvement in the scam, if proven, could have serious consequences for him, including imprisonment and fines.
The case has also raised questions about the regulation of cryptocurrencies in India. The government has been considering regulating cryptocurrencies, but has yet to take a final decision. The Bitcoin scam case has highlighted the need for effective regulation, to prevent such scams from occurring in the future.
In conclusion, the summons issued to Raj Kundra in the ₹150-crore Bitcoin scam case is a significant development in the case. The court’s decision to summon Kundra indicates that it has found sufficient evidence to proceed with the trial, and that Kundra’s involvement in the scam is being taken seriously. The case has highlighted the risks associated with investing in cryptocurrencies, and the need for effective regulation to prevent such scams from occurring in the future.
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