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 being the ₹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 this case. The court’s decision comes after taking cognisance of the chargesheet filed against Kundra by the Enforcement Directorate (ED).
In September 2025, the ED accused Kundra of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam case. The agency alleged that Kundra was involved in a cryptocurrency-based scam, where investors were duped of their money with promises of high returns. The ED’s investigation revealed that Kundra had acquired a significant amount of Bitcoins, which were valued at over ₹150 crore at the time.
The court has asked Kundra to appear before it on January 19, along with Dubai-based businessman Rajesh Satija, who is also accused in the case. The summons were issued after the court took cognisance of the chargesheet filed by the ED, which detailed the alleged role of Kundra and Satija in the scam.
The ED’s investigation into the Bitcoin scam case began in 2020, when several complaints were filed by investors who had lost money in the scam. The agency’s probe revealed that the scam was operated by a group of individuals, including Kundra and Satija, who had promised investors high returns on their investments in cryptocurrency.
The ED’s chargesheet alleged that Kundra had played a key role in the scam, using his influence and network to lure investors into the scheme. The agency also alleged that Kundra had used the money invested by the victims to purchase Bitcoins, which were then transferred to his own accounts.
The ₹150-crore Bitcoin scam case is one of the largest cryptocurrency-based scams in India, and the ED’s investigation has shed light on the complexities of such scams. The case highlights the need for stricter regulations and laws to govern the cryptocurrency market, which has been plagued by scams and fraudulent activities.
The court’s decision to summon Kundra and Satija is a significant development in the case, and it remains to be seen how the two individuals will respond to the allegations against them. The case is likely to have far-reaching implications for the cryptocurrency market in India, and it may lead to a greater scrutiny of cryptocurrency-based transactions and investments.
In recent years, there have been several cases of cryptocurrency-based scams in India, with many investors losing large amounts of money. The ₹150-crore Bitcoin scam case is a stark reminder of the risks associated with investing in cryptocurrency, and it highlights the need for investors to be cautious and vigilant when dealing with such investments.
The ED’s investigation into the case is ongoing, and it is likely that more details will emerge in the coming days. The agency’s probe has already revealed a complex web of transactions and investments, and it may lead to the uncovering of other scams and fraudulent activities in the cryptocurrency market.
In conclusion, the ₹150-crore Bitcoin scam case is a significant development in the world of cryptocurrency, and it highlights the need for stricter regulations and laws to govern the market. The court’s decision to summon Raj Kundra and Rajesh Satija is a major breakthrough in the case, and it remains to be seen how the two individuals will respond to the allegations against them. As the investigation continues, it is likely that more details will emerge, and the case may have far-reaching implications for the cryptocurrency market in India.
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