Raj Kundra summoned by court in ₹150-crore Bitcoin scam case
In a significant development, a special court has summoned businessman Raj Kundra, husband of Bollywood actress Shilpa Shetty, in connection with a ₹150-crore Bitcoin scam case. The court’s decision comes after taking cognisance of the chargesheet filed against Kundra by the Enforcement Directorate (ED). The ED had accused Kundra of having 285 Bitcoins worth over ₹150 crore in a Ponzi scam case, which was unearthed in September 2025.
The court has asked Kundra, as well as Dubai-based businessman Rajesh Satija, to appear before it on January 19. The summons were issued after the court found sufficient evidence against the two individuals, indicating their involvement in the Bitcoin scam. The ED had filed a chargesheet against Kundra and Satija under the Prevention of Money Laundering Act (PMLA), alleging that they were involved in a Ponzi scheme that duped numerous investors of their hard-earned money.
The Bitcoin scam case, which was first reported in September 2025, involves a complex web of transactions and investments that were made using the cryptocurrency. The ED had launched an investigation into the matter after receiving complaints from several investors who had lost money in the scam. The investigation revealed that Kundra and Satija were among the key individuals involved in the scam, and that they had amassed a significant amount of wealth through their illegal activities.
The ED’s chargesheet against Kundra and Satija alleges that they were involved in a Ponzi scheme, where they promised investors high returns on their investments in Bitcoin. However, instead of investing the money in Bitcoin, they used it to fund their own lavish lifestyles and business ventures. The chargesheet also alleges that Kundra and Satija had used the money to purchase luxury items, including high-end cars and real estate properties.
The court’s decision to summon Kundra and Satija is a significant development in the case, and it is likely to have far-reaching implications for the two individuals. If convicted, they could face severe penalties, including imprisonment and fines. The case is also likely to have a significant impact on the broader cryptocurrency market in India, as it highlights the risks and vulnerabilities associated with investing in digital currencies.
The Bitcoin scam case is not the first time that Kundra has been embroiled in controversy. In the past, he has been involved in several other high-profile cases, including a match-fixing scandal in the Indian Premier League (IPL). However, the Bitcoin scam case is likely to be the most serious and significant case that he has been involved in, given the large amount of money involved and the severity of the allegations against him.
The ED’s investigation into the Bitcoin scam case is ongoing, and it is likely that more individuals will be summoned or arrested in connection with the case. The agency is also likely to seize assets and properties belonging to Kundra and Satija, as part of its efforts to recover the money that was lost by investors in the scam.
In conclusion, the court’s decision to summon Raj Kundra in connection with the ₹150-crore Bitcoin scam case is a significant development that highlights the risks and vulnerabilities associated with investing in digital currencies. The case is a reminder that investors need to be cautious and vigilant when investing in cryptocurrencies, and that they should always do their due diligence before making any investments. The case is also a testament to the ED’s efforts to crack down on money laundering and other financial crimes in India, and it is likely to have a significant impact on the broader cryptocurrency market in the country.
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