The noose tightens around Raj Kundra as Mumbai’s PMLA court dispatches summons in the notorious Gain Bitcoin scam. ED’s chargesheet, accepted by the court, ropes in Dubai’s Rajesh Satija too, demanding their court appearance.
Unraveling the plot, scam kingpin Amit Bhardwaj supplied 285 Bitcoins to Kundra for a phantom Ukraine mining farm. Deal aborted, but the digital fortune—worth north of ₹150 crore—lingers in Kundra’s possession, ED asserts.
Intermediary alibi debunked: absent proofs, incriminating term sheet, flawless memory of installment details. Persistent evasion of wallet data, pinned on a trashed iPhone X, screams cover-up.
This summons heralds accountability in a scam that bilked thousands. As crypto regulations evolve, such cases spotlight risks and reinforce enforcement against laundering via blockchain anonymity.