Raj Kundra summoned by court in ₹150-crore Bitcoin scam case
In a significant development in the ₹150-crore Bitcoin scam case, a special court has summoned businessman Raj Kundra, the husband of Bollywood actress Shilpa Shetty, to appear before it on January 19. The court’s decision comes after it took cognizance of the chargesheet filed by the Enforcement Directorate (ED) against Kundra and Dubai-based businessman Rajesh Satija.
The ED had accused Kundra of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam case. The agency had filed a chargesheet against Kundra and Satija, alleging that they were involved in a cryptocurrency scam that duped several investors of their hard-earned money. The scam, which was uncovered in September 2025, had left many investors reeling, with some losing their entire life savings.
The ED’s investigation revealed that Kundra and Satija were part of a larger conspiracy to cheat investors through a Ponzi scheme. The scheme, which promised unusually high returns to investors, was used to launder money and fund other illicit activities. The ED’s chargesheet alleged that Kundra and Satija had used the Bitcoins to launder money and fund their own business ventures.
The court’s decision to summon Kundra and Satija is a significant step forward in the case. The two businessmen have been asked to appear before the court on January 19, where they will be required to respond to the charges levelled against them. If found guilty, Kundra and Satija could face severe penalties, including imprisonment and fines.
The Bitcoin scam case has sent shockwaves through the business community, with many questioning how such a large-scale scam could have gone undetected for so long. The case has also raised concerns about the lack of regulation in the cryptocurrency market, which has made it easier for scammers to operate.
The ED’s investigation into the scam is ongoing, and it is likely that more individuals will be summoned by the court in the coming weeks. The agency is also working to recover the losses suffered by the investors and to bring the perpetrators to justice.
The case has also sparked a debate about the need for stricter regulations in the cryptocurrency market. Many experts have called for greater oversight and regulation of the market, citing the risks of scams and money laundering. The government has also taken steps to regulate the market, including introducing new laws and guidelines for cryptocurrency trading.
In the meantime, Kundra and Satija will have to appear before the court and respond to the charges levelled against them. The outcome of the case will be closely watched, as it will set a precedent for future cases involving cryptocurrency scams.
The ₹150-crore Bitcoin scam case is a reminder of the risks associated with investing in cryptocurrencies. While cryptocurrencies have the potential to offer high returns, they also come with significant risks, including the risk of scams and market volatility. Investors must be cautious and do their research before investing in any cryptocurrency.
In conclusion, the ₹150-crore Bitcoin scam case is a significant development in the world of cryptocurrency trading. The court’s decision to summon Raj Kundra and Rajesh Satija is a step forward in the case, and it will be interesting to see how the case unfolds. The case has also sparked a debate about the need for stricter regulations in the cryptocurrency market, and it remains to be seen how the government will respond to these concerns.
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