What is the Gain Bitcoin Ponzi scheme Raj Kundra is involved in?

The Gain Bitcoin Ponzi scheme involved collecting Bitcoin from the public by promising high monthly returns, with allegations of fraud and money laundering.

Why was Raj Kundra summoned by the court?

Raj Kundra was summoned in connection with the Rs 6,600 crore Gain Bitcoin money laundering case, accused of receiving proceeds of crime.

What did the Enforcement Directorate allege about the scheme promoters?

The ED alleged that promoters promised 10% monthly returns on Bitcoin investments but instead cheated investors and concealed assets.

Home / Crime and Justice / Raj Kundra Summoned in Rs 6,600 Cr Bitcoin Scam

Raj Kundra Summoned in Rs 6,600 Cr Bitcoin Scam

6 Jan

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Summary

Ripu Sudan Kundra, alias Raj Kundra, summoned in Rs 6,600 crore Gain Bitcoin scam.
Accused of receiving 285 Bitcoins from crime proceeds for a failed mining farm.
Enforcement Directorate alleges promoters promised 10% monthly returns.

Raj Kundra Summoned in Rs 6,600 Cr Bitcoin Scam

Businessman Ripu Sudan Kundra, widely known as Raj Kundra, has been issued a summons by a special court to appear on January 19, 2026, in the Rs 6,600 crore Gain Bitcoin Ponzi scheme money laundering case. The Enforcement Directorate's investigation, stemming from multiple FIRs, focuses on allegations that Variable Tech Private Limited and its associates defrauded investors.

The ED claims the promoters collected substantial amounts of Bitcoin by promising investors a 10% monthly return, a promise they allegedly failed to keep. Instead of utilizing the funds for Bitcoin mining, the promoters are accused of cheating investors and concealing the assets. Kundra allegedly received 285 Bitcoins, valued at over Rs 150 crore, from the scheme's mastermind, Amit Bhardwaj, for establishing a mining farm in Ukraine, which never materialized.