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, along with Dubai-based businessman Rajesh Satija, has been asked to appear before the court on January 19. The court’s summons is a significant step in the investigation, which has been ongoing for several months. The ED had filed a chargesheet against Kundra and Satija, alleging that they were involved in a Ponzi scheme that duped numerous investors of their hard-earned money.
The case against Kundra and Satija is related to a Bitcoin scam that was uncovered in 2025. The ED had launched an investigation into the scam, which revealed that the accused had been running a Ponzi scheme, promising investors high returns on their investments in Bitcoin. However, the investors were left with significant losses, and the accused made off with their money.
The ED’s investigation revealed that Kundra had 285 Bitcoins worth over ₹150 crore, which were allegedly obtained through the Ponzi scheme. The agency also alleged that Kundra had been involved in money laundering and had used the proceeds of the crime to fund his business ventures.
The summons issued by the court is a significant development 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 Kundra and Satija suggests that the agency has sufficient evidence to proceed with the case.
The Bitcoin scam case has been making headlines in recent months, with several high-profile individuals being accused of involvement in the scam. The case has also raised concerns about the regulation of cryptocurrencies in India, with many calling for stricter laws to prevent such scams from occurring in the future.
The ED’s investigation into the Bitcoin scam case is ongoing, and the agency is expected to file additional chargesheets in the coming months. The case is being closely watched by the financial community, as it has significant implications for the regulation of cryptocurrencies in India.
In recent years, India has seen a surge in the popularity of cryptocurrencies, with many investors putting their money into Bitcoin and other digital currencies. However, the lack of regulation has made it difficult for investors to distinguish between legitimate and illegitimate investment opportunities.
The Bitcoin scam case has highlighted the need for stricter regulations to prevent such scams from occurring in the future. The government has been working on regulating cryptocurrencies, with the Finance Ministry setting up a panel to study the issue.
The panel’s report is expected to provide recommendations on how to regulate cryptocurrencies, including Bitcoin. The report is likely to suggest stricter laws and regulations to prevent scams and protect investors.
In the meantime, the court’s summons to Kundra and Satija is a significant step in the investigation. The case is expected to be closely watched by the financial community, as it has significant implications for the regulation of cryptocurrencies in India.
As the investigation continues, it is likely that more details will emerge about the Bitcoin scam case. The case has already raised several questions about the regulation of cryptocurrencies in India and the need for stricter laws to prevent such scams from occurring in the future.
In conclusion, the court’s summons to Raj Kundra in the ₹150-crore Bitcoin scam case is a significant development in the investigation. The case has highlighted the need for stricter regulations to prevent such scams from occurring in the future. As the investigation continues, it is likely that more details will emerge about the case, and the financial community will be closely watching the developments.
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