Raj Kundra summoned by court in ₹150-crore Bitcoin scam case
The world of cryptocurrency has been marred by numerous scams and fraudulent activities, with the latest one involving businessman Raj Kundra. A special court has summoned Kundra after taking cognisance of the chargesheet filed against him by the Enforcement Directorate (ED). The chargesheet alleges that Kundra was involved in a Ponzi scam case, where he allegedly possessed 285 Bitcoins worth over ₹150 crore.
The ED had accused Kundra of his involvement in the scam in September 2025, and since then, the investigation has been ongoing. The court has now taken cognisance of the chargesheet and has summoned Kundra to appear before it on January 19. Along with Kundra, Dubai-based businessman Rajesh Satija has also been asked to appear before the court on the same date.
The case against Kundra and Satija is related to a Bitcoin scam, where investors were duped of their money by promising them high returns. The scammers allegedly used the money invested by the victims to purchase Bitcoins, which were then transferred to wallets owned by Kundra and Satija. The ED has alleged that Kundra and Satija were involved in the scam and had made huge profits from it.
The chargesheet filed by the ED against Kundra and Satija is a significant development in the case, and it is expected that the court will now proceed with the trial. The ED has been investigating the case for several months and has gathered significant evidence against the accused. The agency has also frozen several bank accounts and assets belonging to Kundra and Satija, which are alleged to be proceeds of the crime.
The involvement of Kundra in the Bitcoin scam has sent shockwaves in the business and entertainment industries. Kundra is the husband of Bollywood actress Shilpa Shetty, and his involvement in the scam has raised questions about the source of his wealth. The ED has alleged that Kundra had used the money obtained from the scam to fund his business ventures and lifestyle.
The Bitcoin scam case against Kundra and Satija is a reminder of the risks associated with investing in cryptocurrencies. The lack of regulation and oversight in the cryptocurrency market has made it a breeding ground for scammers and fraudsters. The case also highlights the need for investors to be cautious and to do their due diligence before investing in any scheme or project.
The court’s decision to summon Kundra and Satija is a significant development in the case, and it is expected that the trial will be closely watched by the media and the public. The case has already generated significant controversy, and it is likely that it will continue to be in the news for several months to come.
In recent years, there have been several cases of Bitcoin scams and frauds, where investors have lost millions of rupees. The cases have highlighted the need for stronger regulations and laws to govern the cryptocurrency market. The government has been working on introducing new laws and regulations to govern the market, but the process has been slow.
The ED has been at the forefront of investigating cryptocurrency scams and frauds, and the agency has made significant progress in recent years. The agency has frozen several bank accounts and assets belonging to scammers and fraudsters, and it has also arrested several people in connection with these cases.
In conclusion, the summoning of Raj Kundra by the court in the ₹150-crore Bitcoin scam case is a significant development in the case. The case has highlighted the risks associated with investing in cryptocurrencies and the need for investors to be cautious and to do their due diligence before investing in any scheme or project. The case is also a reminder of the importance of stronger regulations and laws to govern the cryptocurrency market.
The outcome of the case is likely to be closely watched by the media and the public, and it is expected that it will have significant implications for the cryptocurrency market. The case is also a reminder of the need for law enforcement agencies to be vigilant and to take action against scammers and fraudsters who are using the cryptocurrency market to commit crimes.
The court’s decision to summon Kundra and Satija is a significant step towards bringing the accused to justice, and it is expected that the trial will be fair and transparent. The case is a complex one, and it is likely that it will take several months to conclude. However, the outcome of the case is likely to have significant implications for the cryptocurrency market and for the accused.
For more information on this case, please visit: https://www.moneycontrol.com/news/business/bitcoin-scam-pmla-court-takes-cognizance-of-ed-chargesheet-against-shilpa-shetty-husband-raj-kundra-issues-summons-13757948.html/amp
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