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). This move is likely to have far-reaching implications for Kundra, who has been accused of having a significant amount of Bitcoins worth over ₹150 crore in a Ponzi scam case.
According to reports, the ED had accused Kundra of possessing 285 Bitcoins, which were allegedly obtained through a Ponzi scheme. The agency had filed a chargesheet against Kundra and Dubai-based businessman Rajesh Satija, who is also accused of being involved in the scam. The court has now summoned both Kundra and Satija to appear before it on January 19.
The case against Kundra and Satija is related to a Bitcoin scam that was unearthed by the ED in September 2025. The agency had alleged that the two businessmen were involved in a Ponzi scheme, in which investors were lured into investing in Bitcoins with promises of high returns. However, the scheme was found to be fraudulent, and the investors were left with significant losses.
The ED’s investigation into the case had revealed that Kundra and Satija had allegedly used the Bitcoins to launder money and fund their business ventures. The agency had also alleged that the two businessmen had used the Bitcoins to purchase properties and other assets, which were then used to launder money.
The summons issued by the court is a significant development in the case, as it indicates that the court has taken cognisance of the chargesheet filed by the ED. This means that the court has found sufficient evidence to proceed with the case against Kundra and Satija.
The case against Kundra has sparked a lot of interest, given his high-profile status as the husband of Shilpa Shetty. The couple has been in the news for their business ventures and philanthropic activities, and the allegations against Kundra have come as a shock to many.
The Bitcoin scam case has also highlighted the risks associated with investing in cryptocurrencies. While Bitcoins and other cryptocurrencies have gained popularity in recent years, they are still largely unregulated and can be vulnerable to scams and fraudulent activities.
The ED’s investigation into the case has also revealed the extent to which cryptocurrencies can be used for money laundering and other illicit activities. The agency has been cracking down on the use of cryptocurrencies for illegal activities, and the case against Kundra and Satija is a significant example of this.
In conclusion, the summons issued by the court against Raj Kundra in the ₹150-crore Bitcoin scam case is a significant development. The case has highlighted the risks associated with investing in cryptocurrencies and the need for greater regulation and oversight. The ED’s investigation into the case has also revealed the extent to which cryptocurrencies can be used for money laundering and other illicit activities. As the case proceeds, it will be interesting to see how the court’s decision affects Kundra and Satija, and what implications it has for the wider cryptocurrency market.
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