Raj Kundra Faces Charges for 285 Bitcoin Tied to Major Crypto Fraud Scheme

Businessman slapped with cryptocurrency fraud allegations as investigators trace digital footprint.

Digital Evidence Trail

Prosecutors built their case following the bitcoin trail across blockchain ledgers. The 285 BTC transaction history revealed patterns consistent with fraudulent investment schemes.

Regulatory Crackdown Intensifies

Authorities ramp up scrutiny of high-profile crypto cases. This marks another attempt to clean up the industry's wild west reputation—because what's finance without a little theater?

The case demonstrates how blockchain's transparency becomes a double-edged sword for those moving questionable funds. Investigators followed the digital breadcrumbs straight to the source.

The Enforcement Directorate (ED) has filed a chargesheet against businessman Raj Kundra, accusing him of being the beneficial owner of 285 Bitcoins valued at ₹150 crore. These Bitcoins are linked to the late Amit Bhardwaj’s crypto Ponzi scheme. ED alleges Kundra concealed crucial evidence, failed to surrender the Bitcoins, and disguised the origin of these funds through a financial deal with his wife, actor Shilpa Shetty. Kundra’s claim of being a mere mediator was rejected by the ED.