Bollywood actress Shilpa Shetty's husband Raj Kundra has been given bail by a special Prevention of Money Laundering Act (PMLA) court in Mumbai in the Rs 150 crore Bitcoin scam case. This has happened when there are investigations going on in connection with the alleged financial irregularities in the cryptocurrency scam.
After Mumbai's special PMLA court issued summons to businessman Raj Kundra in the Bitcoin scam case, Kundra appeared in court on Thursday. Raj Kundra filed a bail plea in this case, which was scheduled for hearing at 1 PM.
What is Bitcoin scam case?
The case filed by the Enforcement Directorate (ED) alleges that illegal transactions worth crores of rupees were carried out through an alleged Bitcoin-related investment scam. The investigating agency claims that investors were duped through this network by promising huge profits, and the money was later laundered through cryptocurrency. The ED is investigating Raj Kundra's role in this entire network and whether he allegedly derived any financial benefit from it.
As part of the investigation, raids have already been conducted at Raj Kundra's premises and numerous documents and digital evidence have been seized. In connection with this, the court had issued summons to him to appear. Now, after his appearance in court, Raj Kundra's bail plea was heard at 1 PM on February 20, 2026 and he was granted bail by a special Prevention of Money Laundering Act (PMLA) court in Mumbai.
