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 Bollywood actress Shilpa Shetty’s husband, Raj Kundra. A special court has recently summoned Kundra in connection with a ₹150-crore Bitcoin scam case, where he has been accused of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam. The Enforcement Directorate (ED) had filed a chargesheet against Kundra, following which the court took cognizance of the charges and issued a summons to him.
The ED had accused Kundra of being involved in a Ponzi scam, where investors were lured into investing in a cryptocurrency scheme with promises of high returns. The scam is believed to have duped numerous investors, with the ED estimating the total value of the scam to be over ₹150 crore. Kundra, along with Dubai-based businessman Rajesh Satija, has been asked to appear before the court on January 19.
The case against Kundra and Satija is being investigated under the Prevention of Money Laundering Act (PMLA), which empowers the ED to investigate and prosecute individuals involved in money laundering activities. The ED had filed a chargesheet against Kundra, detailing the evidence collected against him and outlining the charges of money laundering and conspiracy.
The investigation into the Bitcoin scam case began in September 2025, when the ED received a complaint about a Ponzi scheme involving cryptocurrencies. The ED then launched a probe into the matter, which led to the discovery of Kundra’s involvement in the scam. The agency alleged that Kundra had acquired 285 Bitcoins, worth over ₹150 crore, through the scam.
The summons issued to Kundra and Satija marks 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 there is sufficient evidence to proceed with the case, and that the accused individuals will have to appear before the court to defend themselves against the charges.
The Bitcoin scam case has raised concerns about the lack of regulation in the cryptocurrency market, which has made it vulnerable to scams and fraudulent activities. The case has also highlighted the need for greater awareness and education about the risks associated with investing in cryptocurrencies.
In recent years, there have been numerous cases of cryptocurrency scams and fraudulent activities, with many investors losing large sums of money. The lack of regulation and oversight in the cryptocurrency market has made it difficult for authorities to track and prosecute individuals involved in such scams.
The case against Kundra and Satija is a reminder that the cryptocurrency market is not immune to scams and fraudulent activities, and that investors need to be cautious when investing in cryptocurrencies. The case has also highlighted the importance of regulation and oversight in the cryptocurrency market, to prevent such scams and protect investors.
As the case against Kundra and Satija proceeds, it will be interesting to see how the court handles the matter. The outcome of the case will have significant implications for the cryptocurrency market, and will likely set a precedent for future cases involving cryptocurrency scams and fraudulent activities.
In conclusion, the summons issued to Raj Kundra in the ₹150-crore Bitcoin scam case marks a significant development in the investigation. The case has raised concerns about the lack of regulation in the cryptocurrency market, and has highlighted the need for greater awareness and education about the risks associated with investing in cryptocurrencies. As the case proceeds, it will be important to monitor the developments and see how the court handles the matter.
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