ED raids Dream11 office and co-founder Bhavit Sheth’s premises in money laundering case

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The Enforcement Directorate on Friday reportedly conducted search operations at more than 30 locations across India as part of a money laundering probe that has brought online fantasy gaming platform Dream11 and its co-founder Bhavit Sheth under regulatory scrutiny.

Among the locations searched were Dream11’s office and premises linked to Sheth, as per several media reports. The action is connected to an ongoing investigation into an alleged Rs 2,434 crore financial fraud involving Mumbai-based conglomerate Jai Corp Limited, where Dream11 co-founder…



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ED raids Dream11 office and co-founder Bhavit Sheth’s premises in money laundering case


The Enforcement Directorate on Friday reportedly conducted search operations at more than 30 locations across India as part of a money laundering probe that has brought online fantasy gaming platform Dream11 and its co-founder Bhavit Sheth under regulatory scrutiny.

Among the locations searched were Dream11’s office and premises linked to Sheth, as per several media reports. The action is connected to an ongoing investigation into an alleged Rs 2,434 crore financial fraud involving Mumbai-based conglomerate Jai Corp Limited, where Dream11 co-founder…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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