Overview

• The Enforcement Directorate filed the complaint before a special PMLA court naming Raj Kundra and businessman Rajesh Satija as accused.
• Investigators allege Kundra received 285 Bitcoins in 2017 from the late Amit Bhardwaj for a planned Ukraine mining venture that did not materialise and remains in possession of the crypto worth about ₹150.47 crore.
• The ED claims Kundra concealed wallet addresses and destroyed evidence, rejecting his mediator defence by citing a signed “Term Sheet” that it says shows him as the counterparty.
• According to the agency, proceeds were used to buy flats in Juhu and a Pune bungalow that were later shifted to Shilpa Shetty at below‑market rates, with those assets provisionally attached and the action challenged in court.
• The chargesheet records Shetty’s statement about providing funds to protect the property from attachment and situates the case within the wider Gain Bitcoin probe that allegedly collected about 80,000 BTC from investors.