Raj Kundra Summoned Over Alleged Links to 285 Bitcoin Cryptocurrency Scam
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Legal Action Intensifies: Mumbai court summons entrepreneur Raj Kundra over alleged involvement in the GainBitcoin cryptocurrency scam, involving 285 Bitcoins, indicating a significant escalation in legal actions against cryptocurrency fraud.
- Money Laundering Allegations: The Enforcement Directorate accuses Kundra of violating the Prevention of Money Laundering Act alongside another businessman, claiming he received Bitcoins from the scam's mastermind for a failed mining operation in Ukraine, which could severely damage his business reputation if proven true.
- Asset Investigation: Authorities have flagged luxury properties owned by Kundra and his wife in Mumbai and Pune, suspecting they used fake transactions to conceal assets, which, if confirmed, could lead to harsher legal repercussions and impact their future investment activities.
- Increased Tax Oversight: India's tax authorities are tightening regulations on cryptocurrency transactions, imposing a 30% capital gains tax and a 1% tax at source, reflecting the government's growing concern over the crypto market, which may affect Kundra and other investors' returns.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
