Raj Kundra Summoned in GainBitcoin Money Laundering Probe

A PMLA court in Mumbai has summoned businessman Raj Kundra to appear on January 19, 2026, after the Enforcement Directorate filed a supplementary complaint in the GainBitcoin matter. The ED alleges Kundra received and retained 285 Bitcoins traced to addresses linked to GainBitcoin, promoted by Amit Bhardwaj, and valued the holdings at over 150 crore rupees in its complaint. The ED invoked Section 3 of the Prevention of Money Laundering Act alleging concealment, possession, acquisition, and use of proceeds of crime and described Kundra as a beneficial owner while challenging a claimed mediator role. Investigators named Rajesh Ram Satija, a businessman based in Dubai, as a co-accused and are examining five flats in Mumbai's Juhu area registered to actor Shilpa Shetty for potential links to laundering, including pricing, payment trails, and whether transactions were arranged below market or routed through intermediaries. The ED's complaint emphasizes wallet attribution, provenance of the coins, exchange touchpoints, conversion of crypto proceeds into real-world assets, and alleged non-disclosure of wallet addresses, and indicates reliance on on-chain analytics, exchange KYC outputs, device and server forensics, and banking or payments records to establish custody links. The court appearance on January 19 will set deadlines for further filings, potential bail or protection applications, and requests for attachment or freezing of assets while the matter proceeds. 

Source: https://web3businessnews.com/crypto/raj-kundra-gainbitcoin-pmla-case/

Hosted on Acast. See acast.com/privacy for more information.