ED Conducts Raids In Delhi And Gurgaon In Online Betting Proceeds Investigation

The Directorate of Enforcement (ED), Ahmedabad Zonal Office, conducted search operations this week at four locations in New Delhi and Gurgaon under the Prevention of Money Laundering Act (PMLA), 2002. The searches targeted the residential premises of individuals linked to Virtous Payment Solutions LLP, suspected of routing illegal proceeds from online betting and gambling activities.

The ED’s investigation, initiated based on an FIR filed by DCB Police, Ahmedabad, revealed that Rakesh Pratapbhai Rajdev and others allegedly engaged in forming companies and opening bank accounts using forged documents to facilitate the transfer of betting proceeds.

The inquiry uncovered that forged documents were used to open a bank account in the name of Akash Oja, which was exploited for routing and layering betting money. The investigation identified various fictitious entities, including Virtous Payment Solutions LLP, involved in this process.

On August 14, the ED’s search operations yielded incriminating documents and crucial information from the beneficial owners of the firm. To date, approximately Rs. 49 Crore has been seized from the bank accounts of those implicated in the money laundering scheme.

The PMLA aims to prevent money laundering, confiscate property involved in money laundering, and address related matters.

(With ANI Inputs)

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