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 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.
The case dates back to September 2025, when the ED accused Kundra and Dubai-based businessman Rajesh Satija of being involved in a Bitcoin scam. According to the ED, the scam involved the use of Bitcoins to launder money and cheat investors. The agency had alleged that Kundra and Satija had used the Bitcoins to make illegal transactions and had amassed a significant amount of wealth through the scam.
The special court, which is hearing the case under the Prevention of Money Laundering Act (PMLA), has now summoned Kundra and Satija to appear before it on January 19. The court’s decision is a significant step forward in the investigation, which has been ongoing for several months.
The ED had filed a chargesheet against Kundra and Satija, detailing the allegations against them. The chargesheet alleged that Kundra had used the Bitcoins to make transactions and had also used them to launder money. The agency had also alleged that Satija had played a key role in the scam, using his connections in Dubai to facilitate the illegal transactions.
The case has sparked a significant amount of interest, given the high-profile nature of the accused. Kundra, who is a well-known businessman and the husband of a Bollywood actress, has been embroiled in several controversies in the past. The Bitcoin scam case is the latest in a series of allegations against him, and it remains to be seen how the case will unfold.
The use of Bitcoins in the scam is also a significant aspect of the case. Bitcoins, which are a form of cryptocurrency, have been increasingly used in recent years for illegal transactions. The anonymity and ease of use of Bitcoins have made them a popular choice for those looking to launder money or make illegal transactions.
The ED’s investigation into the case is ongoing, and it is likely that more details will emerge in the coming weeks. The agency has been cracking down on Bitcoin scams and other forms of cryptocurrency-related crime, and this case is a significant step forward in its efforts to combat these crimes.
The court’s decision to summon Kundra and Satija is a significant development in the case, and it will be interesting to see how the case unfolds. The accused will have to appear before the court on January 19, where they will face questions about their alleged involvement in the scam.
In conclusion, the ₹150-crore Bitcoin scam case is a significant case that has sparked a lot of interest. The ED’s investigation and the court’s decision to summon Kundra and Satija are significant steps forward in the case. As the case unfolds, it will be interesting to see how the accused respond to the allegations against them and how the court ultimately decides the case.
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