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 uncovered in September 2025.
According to the ED, Kundra and Dubai-based businessman Rajesh Satija were involved in a Ponzi scheme, where they allegedly duped investors of large sums of money by promising them high returns on investments in Bitcoin. The ED’s investigation revealed that Kundra had amassed a significant amount of Bitcoin, estimated to be worth over ₹150 crore, through this scheme.
The special court has now summoned Kundra and Satija to appear before it on January 19, marking a significant milestone in the case. The court’s decision to take cognisance of the chargesheet filed by the ED indicates that there is sufficient evidence to proceed with the case against Kundra and Satija.
The ED’s investigation into the Bitcoin scam case began in 2025, after several investors came forward alleging that they had been duped by Kundra and Satija. The agency’s probe revealed that the duo had been operating a Ponzi scheme, where they promised investors high returns on investments in Bitcoin. However, instead of investing the money in Bitcoin, Kundra and Satija allegedly used it for their personal gain.
The case against Kundra and Satija is being prosecuted under the Prevention of Money Laundering Act (PMLA), which allows for the prosecution of individuals involved in money laundering and other financial crimes. The PMLA is a powerful tool in the hands of law enforcement agencies, allowing them to freeze assets and prosecute individuals involved in financial crimes.
The summons issued to Kundra and Satija is a significant development in the case, as it indicates that the court is taking the allegations against them seriously. The court’s decision to take cognisance of the chargesheet filed by the ED also suggests that there is sufficient evidence to proceed with the case against the duo.
The Bitcoin scam case against Kundra and Satija is a reminder of the risks associated with investing in cryptocurrency. While Bitcoin and other cryptocurrencies have gained popularity in recent years, they are also vulnerable to scams and other financial crimes. Investors must be cautious when investing in cryptocurrency, and must do their due diligence before investing in any scheme.
The case against Kundra and Satija also highlights the need for greater regulation and oversight of the cryptocurrency market. The lack of regulation and oversight has created an environment where scams and other financial crimes can thrive. The government and regulatory agencies must take steps to regulate the cryptocurrency market, and ensure that investors are protected from scams and other financial crimes.
In conclusion, the summons issued to Raj Kundra and Rajesh Satija in the ₹150-crore Bitcoin scam case is a significant development in the case. The court’s decision to take cognisance of the chargesheet filed by the ED indicates that there is sufficient evidence to proceed with the case against the duo. The case is a reminder of the risks associated with investing in cryptocurrency, and highlights the need for greater regulation and oversight of the cryptocurrency market.
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