A special court in Mumbai dealing with money laundering cases has determined there is enough evidence to move forward with legal proceedings against businessman Raj Kundra in connection with an alleged Bitcoin scam. The court has issued formal summons to Kundra and a Dubai-based associate.
Court Issues Summons for January Appearance
Special Judge R B Rote, who presides over cases under the Prevention of Money Laundering Act (PMLA), passed the order on Monday. The court has summoned Raj Kundra and Dubai-based businessman Rajesh Satija to appear before it on January 19, 2026.
The judge's order stated that after reviewing the complaint and the accompanying documents filed by the Enforcement Directorate, the prosecuting agency, the court found sufficient material to proceed against the accused. This legal step confirms that the case has passed the initial scrutiny and will now enter the trial stage.
Details of the Alleged Bitcoin Scam Case
While the detailed chargesheet is not fully public, the case revolves around allegations of a large-scale financial fraud involving cryptocurrency, specifically Bitcoin. The Enforcement Directorate has been investigating the matter under the stringent PMLA, which deals with the proceeds of crime and money laundering.
The involvement of a foreign-based associate, Rajesh Satija, points to the potential cross-border nature of the financial dealings under investigation. The case adds to the growing list of high-profile financial fraud investigations in India where cryptocurrencies are allegedly used to layer and integrate illicit funds.
Legal Implications and Next Steps
The issuance of summons is a significant development, marking the formal start of the trial process. Both accused individuals are now legally required to be present in court on the stipulated date. Failure to appear could lead to the court issuing non-bailable warrants.
This case is being closely watched as it sits at the intersection of celebrity business figures, complex financial fraud, and the largely unregulated world of cryptocurrency. The proceedings will test the application of India's anti-money laundering laws in the digital asset space.
The next major milestone will be the hearing on January 19, 2026, where the accused will enter their pleas and the court is likely to frame formal charges based on the evidence presented.
