On June 12, 2024, the Enforcement Directorate (ED) conducted raids across 19 locations in Mumbai and Pune under the PMLA. The raids targeted “Fairplay” (thefairplay.io), involved in illegal cricket match broadcasting and online betting, including on the 2024 Lok Sabha Elections results. Assets worth ₹8 crore, including cash, bank funds, and luxury items, were seized. Fairplay allegedly used shell bank accounts to collect funds, which were funneled through fake pharmaceutical firms before being sent abroad. Over 400 shell entity bank accounts are under investigation.
ED Raids Uncover Massive Financial Irregularities in Fairplay Case
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