ED attaches Rs 219-cr worth assets in 'Fairplay' portal case
money laundering case against a website that allegedly indulged in online betting on 2023 Lok Sabha election results apart from an illegal broadcast of IPL cricket matches, the agency said on Monday. A provisional order under the Prevention of Money Laundering Act (PMLA) was issued last week (November 22) to attach demat account holdings and immovable assets like land plots, flats and commercial warehouses located at Ajmer (Rajasthan), Kutch (Gujarat), Daman, Thane and Mumbai (Maharashtra) in the case against the portal named Fairplay, it said in a statement.
The central agency said Fairplay was involved in «illegal broadcasting of cricket/IPL matches and various online betting activities including results of Lok Sabha Elections 2024.»
The total value of these assets is Rs 219.66 crore, the ED said.
The agency had earlier attached properties worth more than Rs 100 crore in this case. The total attachment now stands at over Rs 331 crore.
The money laundering case stems from an FIR of the Mumbai police cyber cell which was filed on the complaint of Viacom18 Media Pvt Limited against Fairplay Sport LLC and others for causing loss of revenue of more than Rs 100 crore.
Leadership
Boosting Startup Revenue with 6 AI-Powered Sales Automation Techniques
By — Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Astrology
Vastu Shastra Course
By — Sachenkumar Rai, Vastu Shashtri
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and
