The Enforcement Directorate (ED) carried out a series of searches in three different states in connection with an illegal online betting case, resulting in the discovery and seizure of several pieces of incriminating evidence, digital devices, and unaccounted cash amounting to Rs 46.5 lakh. These raids were conducted on Friday at various locations in Indore, Madhya Pradesh, Hubballi, Karnataka, and Mumbai.
The ED's investigation was initiated based on an FIR filed by the Madhya Pradesh Police. Their inquiry uncovered the operation of illegal online betting applications, including Dhangames and other 'satta matka' apps (betting platforms), in regions like Madhya Pradesh, Karnataka, and various other parts of the country. These apps were designed to entice unsuspecting individuals into participating in betting activities.
According to authorities, the Dhangames app enabled registered users to add funds to their wallets through UPI payments and engage in betting. The illicit funds generated through these applications were subsequently funneled through a network of fraudulent bank accounts established by an accused individual named Lokesh Verma, using the identities of fictitious persons and misappropriating their KYC documents to facilitate betting operations.
It was revealed that the illicitly acquired funds were utilized for the acquisition of real estate properties. The investigation into this matter is ongoing, with further details to be uncovered.
