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 possessing 285 Bitcoins, valued at over ₹150 crore, in a Ponzi scam case.
The case against Kundra and others was registered by the ED in September 2025, under the Prevention of Money Laundering Act (PMLA). The agency had alleged that Kundra, along with Dubai-based businessman Rajesh Satija, was involved in a cryptocurrency-based Ponzi scheme. The scheme, which promised unusually high returns to investors, is believed to have duped numerous people of their hard-earned money.
According to the ED, Kundra had acquired the 285 Bitcoins through the alleged Ponzi scheme. The agency had also alleged that Kundra had failed to disclose the source of the Bitcoins and had not paid any taxes on the income generated from them. The ED had further alleged that Kundra had used the Bitcoins to launder money and had also used them to invest in other businesses.
The court’s decision to summon Kundra is a significant development in the case, as it indicates that the agency has sufficient evidence to proceed against him. Kundra, as well as Rajesh Satija, have been asked to appear before the court on January 19. The court’s summons is a clear indication that the investigation into the Bitcoin scam case is progressing, and that the authorities are taking concrete steps to bring the accused to book.
The Bitcoin scam case has been making headlines for several months now, with numerous people coming forward to complain about being duped by the alleged Ponzi scheme. The case has also raised questions about the regulation of cryptocurrencies in India, with many experts calling for stricter laws to prevent such scams.
The ED’s investigation into the Bitcoin scam case is part of a larger crackdown on cryptocurrency-based scams in India. The agency has been actively investigating several cases of cryptocurrency-based fraud, and has frozen numerous bank accounts and assets in connection with these cases.
The summoning of Raj Kundra in the Bitcoin scam case is a significant development, as it highlights the risks associated with investing in cryptocurrencies. The case is also a reminder that the authorities are taking a close look at cryptocurrency-based transactions, and that those found to be involved in illicit activities will be brought to book.
As the investigation into the Bitcoin scam case continues, it will be interesting to see how the case unfolds. The court’s decision to summon Kundra is a clear indication that the agency has sufficient evidence to proceed against him, and it will be interesting to see how he responds to the allegations.
In conclusion, the summoning of Raj Kundra in the ₹150-crore Bitcoin scam case is a significant development, and it highlights the risks associated with investing in cryptocurrencies. The case is a reminder that the authorities are taking a close look at cryptocurrency-based transactions, and that those found to be involved in illicit activities will be brought to book.
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