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 being involved in a Ponzi scam, where he allegedly possessed 285 Bitcoins worth over ₹150 crore.
The case against Kundra and other accused, including Dubai-based businessman Rajesh Satija, has been ongoing for several months. In September 2025, the ED had filed a chargesheet against Kundra, alleging that he had acquired the Bitcoins through a dubious scheme. The agency had also accused Kundra of laundering money and violating the provisions of the Prevention of Money Laundering Act (PMLA).
According to the ED, Kundra had invested in a company called Satin Capital, which was allegedly involved in a Ponzi scheme. The company had promised investors high returns on their investments, but instead, it used the money to purchase Bitcoins. The ED alleged that Kundra had knowledge of the scheme and had profited from it, thereby violating the PMLA.
The special court, which is hearing the case, has now summoned Kundra and Satija to appear before it on January 19. The court’s decision is a significant setback for Kundra, who has been denying any wrongdoing in the case. The summons issued by the court is a clear indication that the ED has sufficient evidence to proceed against Kundra and other accused in the case.
The Bitcoin scam case has been making headlines for several months, with several high-profile individuals being accused of involvement. The case has also raised concerns about the lack of regulation in the cryptocurrency market, which has made it vulnerable to scams and other illicit activities.
The ED has been cracking down on cryptocurrency scams in recent months, and the case against Kundra is one of the high-profile cases being investigated by the agency. The agency has been working to track down individuals who have been involved in cryptocurrency scams and to recover the proceeds of crime.
The court’s decision to summon Kundra is a significant development in the case, and it remains to be seen how the case will unfold in the coming days. Kundra’s lawyers are likely to argue that their client is innocent and that the ED has no evidence to prove his involvement in the scam. However, the ED is confident that it has sufficient evidence to prove Kundra’s guilt, and the agency is likely to push for a conviction in the case.
The case against Kundra has also raised questions about the role of celebrities in promoting cryptocurrency schemes. Several celebrities, including Bollywood actors and cricketers, have been accused of promoting cryptocurrency schemes without disclosing their interests. The case against Kundra is a reminder that celebrities must be cautious when promoting any scheme, and they must ensure that they are not involved in any illicit activity.
In conclusion, the special court’s decision to summon Raj Kundra in the ₹150-crore Bitcoin scam case is a significant development. The case has raised concerns about the lack of regulation in the cryptocurrency market, and it has highlighted the need for greater awareness about the risks of investing in cryptocurrency schemes. The case is likely to have significant implications for Kundra and other accused, and it will be interesting to see how the case unfolds in the coming days.
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