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 it took cognizance of the chargesheet filed by the Enforcement Directorate (ED) against Kundra. The ED had accused Kundra of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam case, and the court has now asked him to appear before it on January 19.
The case against Kundra and others was registered by the ED under the Prevention of Money Laundering Act (PMLA) in 2025. The agency had alleged that Kundra, along with Dubai-based businessman Rajesh Satija, was involved in a Ponzi scheme that duped several investors of their hard-earned money. The scheme, which promised unusually high returns to investors, was allegedly used to launder money and fund other illicit activities.
The ED’s investigation into the case revealed that Kundra had acquired 285 Bitcoins, which were worth over ₹150 crore at the time of the investigation. The agency alleged that these Bitcoins were acquired using the proceeds of the Ponzi scheme, and that Kundra had used them to launder money and fund other illicit activities.
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. The ED had filed a chargesheet against Kundra and others in September 2025, and the court has now taken cognizance of the chargesheet.
Kundra’s involvement in the Bitcoin scam case has raised several questions about the regulation of cryptocurrencies in India. The government has been grappling with the issue of how to regulate cryptocurrencies, which have been gaining popularity in recent years. While some experts have argued that cryptocurrencies have the potential to revolutionize the way we do business, others have raised concerns about their potential use in illicit activities such as money laundering and terrorism financing.
The ED’s investigation into the Bitcoin scam case has highlighted the need for stronger regulations to prevent the misuse of cryptocurrencies. The agency has alleged that the accused used cryptocurrencies to launder money and fund other illicit activities, which has raised concerns about the lack of oversight and regulation in the sector.
The court’s decision to summon Kundra is also significant because it highlights the importance of holding individuals accountable for their actions. Kundra, who is a well-known businessman and the husband of a Bollywood actress, is not above the law, and he will have to answer to the charges against him.
In addition to Kundra, the court has also summoned Rajesh Satija, a Dubai-based businessman who is alleged to have been involved in the Ponzi scheme. Satija, who is believed to have played a key role in the scheme, has been asked to appear before the court on January 19.
The case against Kundra and others is a complex one, and it will be interesting to see how it unfolds. The ED’s investigation has revealed that the accused used sophisticated methods to launder money and fund other illicit activities, and it will be up to the court to decide whether they are guilty of the charges against them.
In conclusion, the court’s decision to summon Raj Kundra in the ₹150-crore Bitcoin scam case is a significant development that highlights the need for stronger regulations to prevent the misuse of cryptocurrencies. The case has raised several questions about the regulation of cryptocurrencies in India, and it will be interesting to see how it unfolds. As the case progresses, it will be important to keep a close eye on the developments and see how the court ultimately decides.
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