Bitcoin ‘scam’ case: Mumbai court grants bail to Raj Kundra
The Hindu
Raj Kundra granted bail in Bitcoin money laundering case involving 285 Bitcoins linked to Gain Bitcoin Ponzi scam.
A special court in Mumbai on Friday (February 20, 2026) granted bail to businessman Raj Kundra after he appeared before it in a money laundering case linked to an alleged Bitcoin scam.
Special Judge for cases under Prevention of Money Laundering Act R.B. Rote had in January issued a summons to Mr. Kundra after taking cognisance of a charge sheet filed by the Enforcement Directorate (ED) in the case.
Mr. Kundra appeared before the court and filed a bail plea, which the court allowed.
His lawyer, Prashant Patil, submitted that Mr. Kundra had cooperated with the ED's investigation since 2021. All the documents related to the case were already in the possession of the probe agency, therefore his custody was not needed, said the lawyer.
The court, while taking cognisance of the charge sheet, had said that the statements of witnesses and other evidence "prima-facie shows" that Mr. Kundra and Dubai-based businessman Rajesh Satija were involved in an offence punishable under the PMLA.
Mr. Kundra, the central probe agency has alleged, received 285 Bitcoins from the alleged mastermind of Gain Bitcoin Ponzi scam Amit Bhardwaj for setting up a Bitcoin mining farm in Ukraine.
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