Besides Kundra, the court also issued summons to Dubai-based businessman Rajesh Satija and both have been asked to appear in court on January 19
The ED, in the chargesheet filed in September 2025, said that Kundra’s role was beyond a mediator and he was a beneficial owner of the scam
Businessman and actor Shilpa Shetty’s husband Raj Kundra has reportedly been summoned by a special PMLA court in Mumbai after the Enforcement Directorate (ED) filed a chargesheet against him in the GainBitcoin scam.
Kundra received 285 Bitcoins from Amit Bhardwaj, the mastermind of the GainBitcoin scam who passed away in 2022, to set up a Bitcoin mining farm in Ukraine. While the deal did not materialise, Kundra is still in possession of Bitcoins valued at over INR 150 Cr, he ED alleged.
The agency added that Kundra did not cooperate with regards to the wallet addresses of the Bitcoins transfer. The ED said that Kundra managed to carry out clean transactions with his wife Shetty to disguise the origin of the funds obtained by commission from criminal activities.
Notably, the ED attached properties in April 2024, including a residential flat in Mumbai’s Juhu in the name of Shetty, a bungalow in Pune, and equity shares in the name of Kundra, worth INR 97.79 Cr in connection with the GainBitcoin scam.
Following this, the agency also attached assets worth more than INR 10.63 Cr, including commercial properties situated in prime business centres of Dubai, owned by Bhardwaj, as part of a money laundering probe in the fraud case.
The GainBitcoin scam came under the scrutiny of law enforcement agencies after complaints began pouring in against a company called Variable Tech Pte Ltd, along with its promoters, including Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj and Mahender Bhardwaj.
According to the ED, the number of victims in the GainBitcoin Scam is estimated to be around 8,000.
Curated by James Chen
