Raj Kundra Gets Relief In Bitcoin Scam Case, Granted Bail By PMLA Court In Mumbai

2026-02-26 08:54:26

(MENAFN- Live Mint) Businessman Raj Kundra on Friday secured bail from a PMLA court in Mumbai in connection with an alleged Bitcoin scam case, newswire ANI reported. He was seen arriving at the court earlier in the day.

However, a special court had observed in January that there is sufficient prima facie material to proceed against Kundra for offences punishable under the Prevention of Money Laundering Act (PMLA), and issued him a summons in the matter, news agency PTI reported.

The case dates back to April 2024, when the Enforcement Directorate attached properties worth ₹97.79 crores belonging to Raj Kundra, and his wife Shilpa Shetty, alleging that they had collected large sums of funds in the form of Bitcoins.

The agency further alleged investors were lured with false promises of 10% returns in bitcoin. According to the ED, Kundra received 285 Bitcoins from Amit Bharadwaj, the mastermind behind the Gain Bitcoin Ponzi Scam, ANI said in a news report.

(This is a developing story)

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