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 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.
The ED’s investigation into the Bitcoin scam case has been ongoing for several months, and the agency has been working to unravel the complex web of transactions and individuals involved in the scam. The case involves a Ponzi scheme, where investors were lured into investing in Bitcoin with promises of high returns, only to find that their investments were being used to fund the scheme itself.
According to the ED, Kundra and Dubai-based businessman Rajesh Satija were the key players in the scam. The agency alleged that Kundra had acquired 285 Bitcoins, which were worth over ₹150 crore at the time, and had used them to launder money and fund the Ponzi scheme. The ED also accused Kundra of failing to disclose the source of the Bitcoins and of using them to make illegal transactions.
The court’s decision to summon Kundra is a significant development in the case, as it indicates that the ED has sufficient evidence to proceed with the prosecution. The summons also suggests that the court is taking a serious view of the allegations against Kundra and is keen to hear his side of the story.
Kundra’s involvement in the Bitcoin scam case has raised eyebrows, given his high-profile status as a businessman and the husband of a Bollywood actress. The case has also sparked concerns about the lack of regulation and oversight in the cryptocurrency market, which has made it vulnerable to scams and illicit activities.
The ED’s investigation into the Bitcoin scam case is part of a broader crackdown on cryptocurrency-related crimes in India. The agency has been working to identify and prosecute individuals and companies involved in illicit activities, such as money laundering and terrorist financing, using cryptocurrencies like Bitcoin.
The court’s decision to summon Kundra and Satija is a significant step forward in the investigation, and it remains to be seen how the case will unfold in the coming weeks and months. The ED is likely to continue its investigation and gather more evidence to build a strong case against the accused.
In the meantime, the Bitcoin scam case has highlighted the need for greater regulation and oversight in the cryptocurrency market. The Indian government has been considering regulations to govern the use of cryptocurrencies, and the ED’s investigation into the Bitcoin scam case is likely to inform these efforts.
As the case against Kundra and Satija proceeds, it is likely to have significant implications for the cryptocurrency market in India. The outcome of the case will depend on the evidence presented by the ED and the defense put up by the accused. However, one thing is clear: the Indian authorities are taking a serious view of cryptocurrency-related crimes, and individuals and companies involved in such activities will be held accountable.
In conclusion, the summons issued to Raj Kundra by the special court is a significant development in the ₹150-crore Bitcoin scam case. The ED’s investigation into the case has uncovered a complex web of transactions and individuals involved in the scam, and the court’s decision to summon Kundra suggests that the agency has sufficient evidence to proceed with the prosecution. As the case unfolds, it is likely to have significant implications for the cryptocurrency market in India and will highlight the need for greater regulation and oversight in the sector.
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