The Enforcement Directorate has charged businessman Raj Kundra as the “beneficial owner” of 285 Bitcoins worth ₹150.47 crore, alleging his active role in laundering proceeds from a crypto Ponzi scheme led by late scamster Amit Bhardwaj.

Filed before a special PMLA court, the chargesheet asserts that Kundra did not merely act as a mediator but directly acquired and retained the Bitcoins, originally intended to fund a now-defunct mining operation in Ukraine. The ED alleges Kundra withheld crucial evidence, including Bitcoin wallet addresses, and failed to surrender the digital assets even after repeated demands since 2018. Advertisement

“Kundra deliberately concealed crucial evidence,” the chargesheet stated, citing his refusal to provide wallet details and a questionable claim that his i

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