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 to appear before it on January 19. The court’s decision comes after it took cognisance of the chargesheet filed by the Enforcement Directorate (ED) against Kundra and Dubai-based businessman Rajesh Satija. The chargesheet, which was filed in September 2025, accuses Kundra of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam case.
The ED’s investigation into the case revealed that Kundra and Satija were involved in a large-scale Bitcoin scam, which cheated numerous investors out of their hard-earned money. The scam, which was operated through a Ponzi scheme, promised investors high returns on their investments in Bitcoin. However, the returns were never paid, and the investors were left with significant losses.
The ED’s chargesheet alleges that Kundra and Satija were the masterminds behind the scam and had amassed a large fortune by cheating investors. The chargesheet also alleges that Kundra had used his influence and connections to lure investors into the scam. The ED has accused Kundra of having 285 Bitcoins, which are worth over ₹150 crore, and has alleged that these Bitcoins were acquired through the proceeds of the scam.
The court’s decision to summon Kundra and Satija is a significant development in the case, as it indicates that the court has found prima facie evidence against the two businessmen. The summons issued by the court requires Kundra and Satija to appear before it on January 19, where they will be required to respond to the charges levelled against them.
The Bitcoin scam case has been making headlines for several months, with the ED conducting raids and arrests in connection with the case. The case has also raised concerns about the regulation of cryptocurrencies in India, with many experts calling for stricter regulations to prevent such scams.
Kundra, who is the husband of Bollywood actress Shilpa Shetty, has been in the news for his business dealings in the past. He has been involved in several ventures, including a chain of gyms and a production company. However, his involvement in the Bitcoin scam case has raised questions about his business ethics and has damaged his reputation.
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 business community and the general public, as it has significant implications for the regulation of cryptocurrencies in India.
In conclusion, the court’s decision to summon Raj Kundra in the ₹150-crore Bitcoin scam case is a significant development in the case. The chargesheet filed by the ED alleges that Kundra was involved in a large-scale Bitcoin scam, which cheated numerous investors out of their hard-earned money. The case has raised concerns about the regulation of cryptocurrencies in India and has damaged Kundra’s reputation. As the investigation continues, it will be interesting to see how the case unfolds and what implications it will have for the business community and the general public.
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