Raj Kundra summoned by court in ₹150-crore Bitcoin scam case
The world of cryptocurrency has been marred by numerous scams and fraudulent activities, with the latest one involving Bollywood actress Shilpa Shetty’s husband, Raj Kundra. In a significant development, a special court has summoned Kundra to appear before it in connection with a ₹150-crore Bitcoin scam case. The Enforcement Directorate (ED) had filed a chargesheet against Kundra, accusing him of possessing 285 Bitcoins worth over ₹150 crore in a Ponzi scam case.
The ED had been investigating Kundra’s involvement in the scam since September 2025, when it accused him of having a significant amount of Bitcoins. The agency had alleged that Kundra was involved in a Ponzi scheme, where investors were promised high returns on their investments in Bitcoin. However, the investments were never made, and the money was instead used to fund Kundra’s own business ventures.
The special court, which is hearing the case under the Prevention of Money Laundering Act (PMLA), has taken cognizance of the chargesheet filed by the ED. The court has summoned Kundra, as well as Dubai-based businessman Rajesh Satija, to appear before it on January 19. The summons is a significant development in the case, as it indicates that the court has found sufficient evidence to proceed with the trial.
The ED’s investigation into the scam began in 2025, when it received complaints from several investors who had lost money in the Ponzi scheme. The agency had conducted raids on several premises, including Kundra’s office and residence, and had seized several documents and electronic devices. The investigation had revealed that Kundra was one of the key players in the scam, and that he had used his influence and connections to lure investors into the scheme.
The chargesheet filed by the ED against Kundra is a detailed document that outlines his involvement in the scam. The document alleges that Kundra had used his company, Viaan Industries, to launder money and fund his own business ventures. The ED has also alleged that Kundra had used his connections with other businessmen and politicians to facilitate the scam.
The summoning of Kundra by the special court is a significant development in the case, as it indicates that the court is serious about bringing the perpetrators to justice. The case is also a reminder of the risks involved in investing in cryptocurrency, particularly in schemes that promise high returns with little risk.
The Bitcoin scam case is not the first time that Kundra has been involved in a controversy. In 2021, he was arrested by the Mumbai Police for his alleged involvement in a pornography racket. The case had sparked a huge controversy, with many questioning the police’s motives and the evidence against Kundra.
The latest development in the Bitcoin scam case is likely to have significant implications for Kundra and his business ventures. The case is also likely to have a ripple effect on the cryptocurrency market, as it highlights the risks involved in investing in digital currencies.
In conclusion, the summoning of Raj Kundra by the special court in the ₹150-crore Bitcoin scam case is a significant development in the investigation. The case highlights the risks involved in investing in cryptocurrency and the importance of doing due diligence before investing in any scheme. The ED’s investigation and the court’s decision to take cognizance of the chargesheet are a reminder that the law will not tolerate any kind of fraudulent activity, and that those involved in such activities will be brought to justice.
As the case progresses, it will be interesting to see how Kundra and his lawyers respond to the allegations. The case is also likely to have significant implications for the cryptocurrency market, as it highlights the need for greater regulation and oversight.
For now, Kundra and Satija have been asked to appear before the court on January 19. The hearing is likely to be a significant one, as it will determine the course of the case and the fate of the accused.
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