Business tycoon Raj Kundra, known for his ties to the entertainment industry, has been summoned by a special Mumbai court in the sprawling Gain Bitcoin fraud case. The ED’s September 2025 supplementary chargesheet triggered the action, also targeting Rajesh Satija.
Core to the allegations: Amit Bhardwaj, the ponzi scheme’s promoter, transferred 285 Bitcoins to Kundra for an unfulfilled Ukraine mining venture. Valued at over ₹150 crore today, these coins are allegedly still with Kundra.
Kundra’s claim of acting solely as a broker crumbles under scrutiny. No supporting paperwork exists, and a term sheet implicates him directly. His detailed recollection of seven-year-old transfers in five tranches raises red flags, per ED.
Stonewalling on wallet addresses since 2018, with excuses involving a faulty iPhone, is branded as evidence destruction. The court’s intervention marks a pivotal phase, promising deeper probes into how crypto masked massive investor losses.