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. The ED had accused Kundra of being involved in a Ponzi scam, where he allegedly held 285 Bitcoins worth over ₹150 crore.
According to the ED, Kundra was one of the key players in the scam, which was orchestrated by Dubai-based businessman Rajesh Satija. The scam involved luring investors into investing in Bitcoins, with promises of high returns. However, the investors were left with significant losses, and the accused individuals made off with the money.
The ED’s investigation revealed that Kundra had invested in the Bitcoins and had also encouraged others to do so, without disclosing the risks involved. The agency alleged that Kundra had made significant gains from the scam, which were then laundered through various channels.
In September 2025, the ED filed a chargesheet against Kundra and Satija, detailing the extent of their involvement in the scam. The chargesheet alleged that Kundra had played a key role in promoting the Bitcoin scheme, which had attracted thousands of investors. The ED also alleged that Kundra had used his influence and reputation to lure investors into the scam.
The special court, which is hearing the case, has now summoned Kundra and Satija to appear before it on January 19. The court’s decision is a significant development in the case, as it indicates that the ED’s chargesheet has been taken seriously. The court’s summons also suggests that Kundra and Satija will have to answer to the allegations made against them.
The Bitcoin scam case has been making headlines for several months now, with the ED conducting raids and arrests in connection with the case. The agency has also frozen several bank accounts and assets linked to the accused individuals.
Kundra’s involvement in the scam has come as a shock to many, given his high-profile status and reputation. However, the ED’s investigation has revealed that Kundra was deeply involved in the scam, and had made significant gains from it.
The case has also raised questions about the regulation of cryptocurrencies in India. The government has been grappling with the issue of how to regulate Bitcoins and other cryptocurrencies, which have been gaining popularity in recent years. The Bitcoin scam case has highlighted the need for stricter regulations and laws to prevent such scams from occurring in the future.
The ED’s action against Kundra and Satija is a significant step in the right direction. The agency’s investigation has shown that it is committed to taking action against those involved in financial crimes, regardless of their status or reputation.
As the case unfolds, it will be interesting to see how Kundra and Satija respond to the allegations made against them. The court’s decision to summon them is a significant development, and it remains to be seen how they will defend themselves against the charges.
In conclusion, the ₹150-crore Bitcoin scam case has taken a significant turn, with the special court summoning Raj Kundra and Rajesh Satija to appear before it. The ED’s chargesheet has been taken seriously, and it remains to be seen how the accused individuals will respond to the allegations made against them. The case has highlighted the need for stricter regulations and laws to prevent such scams from occurring in the future.
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