ED Searches Dream11 Office In INR 2,000 Cr Jai Corp Probe

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SUMMARY

The searches were undertaken to ascertain the extent of Dream11’s involvement and Sheth’s financial exposure in the alleged money laundering network

ED sleuths are reportedly probing whether the misappropriated funds in the Jai Corp case were routed through entities like technology and sports gaming platforms

In its FIR, the CBI has alleged that Jai Corp Ltd. syphoned off funds raised from financial institutions and investors, which led to a loss of INR 2,434 Cr to certain…



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ED Searches Dream11 Office In INR 2,000 Cr Jai Corp Probe


SUMMARY

The searches were undertaken to ascertain the extent of Dream11’s involvement and Sheth’s financial exposure in the alleged money laundering network

ED sleuths are reportedly probing whether the misappropriated funds in the Jai Corp case were routed through entities like technology and sports gaming platforms

In its FIR, the CBI has alleged that Jai Corp Ltd. syphoned off funds raised from financial institutions and investors, which led to a loss of INR 2,434 Cr to certain…



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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