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 by the Enforcement Directorate (ED) against Kundra. The ED had accused Kundra of possessing 285 Bitcoins, valued at over ₹150 crore, in a Ponzi scam case. The court has directed Kundra, along with Dubai-based businessman Rajesh Satija, to appear before it on January 19.
The ED had filed the chargesheet against Kundra in September 2025, alleging that he was involved in a Ponzi scheme that duped numerous investors of their hard-earned money. The agency claimed that Kundra had amassed a significant amount of wealth through this scam, which included 285 Bitcoins worth over ₹150 crore. The ED’s investigation revealed that Kundra had used the Bitcoins to launder money and fund his other business ventures.
The case against Kundra is part of a larger investigation into a Bitcoin scam that was uncovered by the ED in 2025. The agency had received complaints from several investors who had been duped by a company that promised them high returns on their investments in Bitcoins. The company, which was allegedly run by Satija, had promised investors that they would receive high returns on their investments, but instead, the funds were used to purchase Bitcoins and other assets.
The ED’s investigation revealed that Kundra was one of the key players in the scam, and that he had used his connections to promote the company and attract investors. The agency alleged that Kundra had received a significant amount of money from the scam, which he had used to fund his other business ventures and purchase luxury assets.
The court’s decision to summon Kundra is a significant development in the case, as it indicates that the ED has sufficient evidence to prosecute him. The agency’s chargesheet against Kundra is likely to be based on the evidence it has collected during its investigation, which includes documents, witness statements, and digital records.
The Bitcoin scam case has highlighted the risks associated with investing in cryptocurrencies, particularly in schemes that promise high returns with little risk. The case has also raised concerns about the lack of regulation in the cryptocurrency market, which makes it vulnerable to scams and other forms of illicit activity.
The ED’s investigation into the Bitcoin scam case is part of a larger effort by the agency to crack down on money laundering and other financial crimes. The agency has been working closely with other law enforcement agencies to identify and prosecute individuals and companies involved in such activities.
In recent years, the ED has taken a number of steps to combat money laundering and other financial crimes, including the introduction of new regulations and guidelines for companies and individuals involved in the cryptocurrency market. The agency has also increased its surveillance and monitoring of financial transactions, particularly those involving cryptocurrencies.
The case against Kundra is likely to be closely watched, as it has the potential to set a precedent for future cases involving cryptocurrencies and financial crimes. The court’s decision will depend on the evidence presented by the ED, as well as the arguments made by Kundra’s lawyers.
In conclusion, the summons issued to Raj Kundra by the special court is a significant development in the ₹150-crore Bitcoin scam case. The case highlights the risks associated with investing in cryptocurrencies and the need for greater regulation and oversight in the market. The ED’s investigation and the court’s decision will be closely watched, as they have the potential to set a precedent for future cases involving financial crimes and cryptocurrencies.
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