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 it took cognizance of the chargesheet filed against Kundra by the Enforcement Directorate (ED). The ED had accused Kundra of possessing 285 Bitcoins, worth over ₹150 crore, in a Ponzi scam case. Along with Kundra, Dubai-based businessman Rajesh Satija has also been asked to appear before the court on January 19.
The ED had filed the chargesheet against Kundra in September 2025, alleging that he was involved in a Bitcoin scam that duped several investors of their hard-earned money. The scam, which was uncovered by the ED, involved the use of Bitcoins to lure investors into a Ponzi scheme, promising them high returns. However, the investors were left with significant losses, and the accused individuals made off with the money.
The ED’s investigation into the scam revealed that Kundra had acquired 285 Bitcoins, which were worth over ₹150 crore at the time. The agency alleged that Kundra had used these Bitcoins to launder money and fund his other business ventures. The ED also accused Kundra of failing to disclose the source of his income and of using the Bitcoins to evade taxes.
The court’s decision to summon Kundra and Satija is a significant development in the case, as it indicates that the court has found sufficient evidence to proceed with the trial. The court’s summons also suggests that Kundra and Satija will be required to appear before the court and answer questions about their involvement in the scam.
The Bitcoin scam case has been making headlines for several months, with several high-profile individuals being accused of involvement. The ED has been investigating the case and has filed chargesheets against several accused individuals. The agency has also frozen several bank accounts and assets linked to the accused individuals, in an effort to recover the losses incurred by the investors.
The use of Bitcoins in the scam has raised concerns about the regulation of cryptocurrencies in India. The government has been considering regulations to govern the use of cryptocurrencies, but so far, no clear guidelines have been issued. The lack of regulation has made it easier for scammers to use Bitcoins and other cryptocurrencies to dupe investors.
The case against Kundra and Satija is likely to be closely watched, as it involves high-profile individuals and a significant amount of money. The court’s decision will be eagerly awaited, as it will determine the fate of the accused individuals and provide clarity on the use of cryptocurrencies in India.
In recent years, there have been several cases of Bitcoin scams and Ponzi schemes in India. These scams have resulted in significant losses for investors and have raised concerns about the safety of investing in cryptocurrencies. The government has been working to regulate the use of cryptocurrencies, but more needs to be done to protect investors and prevent such scams.
The ED’s investigation into the Bitcoin scam case is ongoing, and more arrests and chargesheets are likely to follow. The agency has been working to uncover the extent of the scam and to identify all those involved. The case against Kundra and Satija is just one part of a larger investigation, and it will be interesting to see how it unfolds.
In conclusion, the court’s decision to summon Raj Kundra and Rajesh Satija in the ₹150-crore Bitcoin scam case is a significant development. The case highlights the risks associated with investing in cryptocurrencies and the need for regulation to protect investors. The ED’s investigation and the court’s decision will be closely watched, as they will provide clarity on the use of cryptocurrencies in India and the fate of those accused of involvement in the scam.
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