Raids Conducted Across 60 Locations, Including Jaipur
According to the ED, the investigation revealed that the betting platform and its associated syndicate had moved ‘proceeds of crime’ out of the country, later investing it in Indian stock markets under the guise of Foreign Portfolio Investment (FPI). The ED conducted raids in 60 locations, including Jaipur, Raipur, Ahmedabad, Delhi, and Mumbai.
Raid at a Dry Fruit Merchant’s House in Jaipur
According to ED sources, a raid was conducted at the house of a dry fruit merchant in Apple Residency, Sodala, Jaipur. The ED team investigated links to several companies, including Vikas Ecotech.
13 Arrested So Far
The ED has arrested 13 people in this case and filed five charge sheets against 74 accused. According to the ED, the estimated proceeds of crime in this case are approximately ₹6000 crore.