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 possessing 285 Bitcoins, valued at over ₹150 crore, in a Ponzi scam case. The court has asked Kundra, as well as Dubai-based businessman Rajesh Satija, to appear before it on January 19.
The ED had filed the chargesheet against Kundra in September 2025, alleging that he was involved in a Bitcoin scam that duped numerous investors of their hard-earned money. The scam, which was uncovered by the ED, involved the promise of high returns on investments in Bitcoin, with the accused using the funds to enrich themselves. The ED’s investigation revealed that Kundra had acquired a significant number of Bitcoins, worth over ₹150 crore, through this scam.
The case against Kundra and Satija is being heard under the Prevention of Money Laundering Act (PMLA), which empowers the ED to investigate and prosecute cases involving money laundering and other financial crimes. The PMLA is a powerful tool in the fight against financial crimes, and its provisions allow the ED to freeze assets and attach properties of accused individuals.
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 shell companies involved in the scam. The accused individuals, including Kundra and Satija, have been accused of using the scam to launder money and evade taxes.
The summons issued by the court to Kundra and Satija marks a significant milestone in the case, as it indicates that the court has taken cognizance of the chargesheet filed by the ED. The court’s decision to summon the accused individuals suggests that it is satisfied with the evidence presented by the ED and is willing to proceed with the case.
The Bitcoin scam case has sparked widespread concern and debate about the risks associated with investing in cryptocurrencies. While cryptocurrencies like Bitcoin have gained popularity in recent years, they are largely unregulated and can be vulnerable to scams and other forms of exploitation. The case against Kundra and Satija highlights the need for greater awareness and caution when investing in cryptocurrencies.
The ED’s investigation into the Bitcoin scam case is part of a broader effort to crack down on financial crimes and money laundering in India. The agency has been working to strengthen its capabilities and enhance its enforcement powers, and the case against Kundra and Satija is a testament to its commitment to fighting financial crimes.
As the case against Kundra and Satija proceeds, it is likely to have significant implications for the accused individuals and the broader cryptocurrency market. The court’s decision to summon the accused individuals marks the beginning of a lengthy and complex legal process, and it remains to be seen how the case will unfold.
In conclusion, the summons issued by the court to Raj Kundra and Rajesh Satija in the ₹150-crore Bitcoin scam case marks a significant development in the investigation. The case highlights the risks associated with investing in cryptocurrencies and the need for greater awareness and caution. As the case proceeds, it is likely to have significant implications for the accused individuals and the broader cryptocurrency market.
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