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In Lok Sabha poll betting case, ED seizes Rs 220 crore assets | India News – Times of India

In the Lok Sabha poll betting case, ED seizes assets of Rs 220 crore
In a repression against illegal bettingrelated to the 2024 LS poll results and unauthorized telecast of IPL matches, ED on Monday said it had seized assets of the accused, worth Rs 220 crore, taking the total seizure in the case to over Rs 337 crore came. “The attached assets include demat accounts, lands, flats and commercial warehouses in Ajmer, Kutch, Daman, Thane and Mumbai worth Rs 219.66 crore to online gambling app Fairplay and its promoters,” the agency said.
It has accused Fairplay and its directors of illegally broadcasting IPL matches and various e-betting activities. Earlier, the agency had seized assets worth Rs 117 crore of the accused. The agency, which is investigating Fairplay for suspected money laundering, said the investigation revealed that Fairplay had raised money through several fake/shell companies and layered them through a complex web of transactions and then collected the money in pharmaceutical companies involved in fake billing. .”

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