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 cognizance 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 cryptocurrency-based Ponzi scheme, which cheated numerous investors of their hard-earned money. The scheme promised unusually high returns to investors, who were convinced to invest in Bitcoins. However, the accused persons allegedly used the invested funds for their personal gains, rather than investing them in any legitimate business.
The ED’s investigation revealed that Kundra had acquired 285 Bitcoins, which were valued at over ₹150 crore at the time of the investigation. The agency alleged that Kundra had obtained these Bitcoins through the Ponzi scheme, and had used them to launder money and finance his other business ventures.
The special court, which is hearing the case under the Prevention of Money Laundering Act (PMLA), has taken cognizance of the chargesheet filed by the ED against Kundra and Satija. The court has summoned both accused persons to appear before it on January 19, to face the charges leveled against them.
The ED’s chargesheet against Kundra and Satija is a significant development in the case, as it marks a major milestone in the investigation. The agency’s allegations against the accused persons are serious, and if proven, could result in severe penalties, including imprisonment and fines.
The Bitcoin scam case has been making headlines for several months, with numerous investors coming forward to report their losses. The scam is believed to have affected hundreds of people, who were lured into investing in the cryptocurrency by promises of unusually high returns.
The ED’s investigation into the scam has been ongoing for several months, and has involved the questioning of several individuals, including Kundra and Satija. The agency has also seized several assets, including properties and bank accounts, which are believed to be linked to the scam.
The summons issued by the special court to Kundra and Satija is a significant development in the case, as it marks a major step towards bringing the accused persons to justice. The court’s decision to take cognizance of the chargesheet filed by the ED is a clear indication that the evidence gathered by the agency is sufficient to proceed with the prosecution of the accused persons.
The case against Kundra and Satija is a reminder of the risks associated with investing in cryptocurrencies, particularly in schemes that promise unusually high returns. The Bitcoin scam case has highlighted the need for investors to be cautious and to do their due diligence before investing in any scheme.
In conclusion, the summons issued by the special court to Raj Kundra and Rajesh Satija in the ₹150-crore Bitcoin scam case is a significant development in the investigation. The ED’s allegations against the accused persons are serious, and if proven, could result in severe penalties. The case highlights the need for investors to be cautious and to do their due diligence before investing in any scheme, particularly those that involve cryptocurrencies.
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