Businessman Raj Kundra charged with holding $31M in Bitcoins linked to late crypto scammer Amit Bhardwaj, says Enforcement Directorate. India’s Enforcement Directorate (ED) has filed a chargesheet against businessman Raj Kundra, accusing him of holding 285 Bitcoins worth ₹150 crore ($31 million). Raj Kundra Crypto Scam Seen as Warning for India’s Crypto MarketThe ED’s findings have heightened concerns about the effect of cases of high-profile fraud on investor sentiment. They say the Raj Kundra Bitcoin case shows how fraudsters exploit loopholes to keep control of illicit wealth. For now, the Raj Kundra Bitcoin case is a test of India’s enforcement framework.