Enforcement Directorate Charges Raj Kundra with Possessing 285 Bitcoins Worth Rs 150 Crore in Cryptocurrency Fraud Case

Sep 27, 2025 03:35 pm CST

The Enforcement Directorate has filed a chargesheet against businessman Raj Kundra for allegedly possessing 285 Bitcoins worth Rs 150.47 crore received from crypto-scam mastermind Amit Bhardwaj. Despite claiming to be just a mediator, the ED asserts Kundra is the beneficial owner who has concealed wallet addresses and attempted to disguise the funds' criminal origin through transactions with his wife, actress Shilpa Shetty. The case relates to a larger Bitcoin Ponzi scheme that promised investors returns through mining operations that never materialized.