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 cognizance of the chargesheet filed by the Enforcement Directorate (ED) against Kundra and another accused, Dubai-based businessman Rajesh Satija. The two have been asked to appear before the court on January 19, 2026.
The ED had accused Kundra of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam case. The agency had filed a chargesheet against Kundra and Satija under the Prevention of Money Laundering Act (PMLA) in September 2025. The chargesheet alleged that Kundra and Satija were involved in a Bitcoin-based Ponzi scheme, where investors were promised high returns on their investments.
According to the ED, Kundra had invested in the scheme and had earned a significant amount of money. However, the agency alleged that Kundra’s investments were made using proceeds of crime, and that he had failed to disclose the source of his income. The ED also alleged that Kundra had transferred a significant amount of money to Satija’s bank account in Dubai.
The case against Kundra and Satija is part of a larger investigation into a Bitcoin-based Ponzi scheme that was uncovered by the ED in 2025. The scheme, which was operated by a company called GainBitcoin, had promised investors high returns on their investments in Bitcoin. However, the company had failed to deliver on its promises, and investors had lost millions of rupees.
The ED had launched an investigation into the scheme after receiving complaints from several investors. The agency had found that the scheme was being operated by a group of individuals, including Kundra and Satija, who had used the investments to fund their own businesses and lifestyles.
The summons issued to Kundra and Satija is a significant development in the case, as it marks the first time that the two have been formally accused of any wrongdoing. The court’s decision to take cognizance of the chargesheet filed by the ED is also a significant step, as it paves the way for the trial of the two accused.
Kundra’s involvement in the Bitcoin scam case has raised several questions about the legitimacy of his business dealings. The businessman has been involved in several ventures over the years, including a chain of gyms and a production company. However, his involvement in the Bitcoin scheme has raised concerns about his judgment and business acumen.
The case against Kundra and Satija is also a reminder of the risks associated with investing in cryptocurrencies like Bitcoin. While Bitcoin has gained popularity in recent years, it remains a highly volatile and unregulated market. Investors who invest in Bitcoin do so at their own risk, and there is always a risk of losing money.
In conclusion, the summons issued to Raj Kundra and Rajesh Satija in the ₹150-crore Bitcoin scam case is a significant development in the investigation. The case highlights the risks associated with investing in cryptocurrencies and the importance of doing due diligence before investing in any scheme. As the case progresses, it will be interesting to see how the court proceedings unfold and what implications the case may have for Kundra and Satija.
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