New Delhi: The ED on Tuesday said it has again conducted raids in a money laundering case against FairPlay, a website allegedly involved in illegally broadcasting IPL cricket matches as well as online betting on the 2024 Lok Sabha election results. Including the latest action, the ED has conducted three raids in this case since June and seized or froze assets worth Rs 117 crore.

In a statement, the ED said that in the raids conducted in Mumbai and Kutch on October 25, besides prosecutable documents, digital devices and immovable property-related papers, cash, bank deposits and silver bars worth Rs 4 crore were seized.

Where did the money laundering case come to light?

The investigating agency said that this action has been taken against the people who assisted 'Fairplay' in technical and financial management. This money laundering case is based on an FIR registered by the Cyber ​​Crime Branch of Mumbai Police.

What did ED say?

The FIR was registered on the basis of a complaint by Viacom 18 Media Private Limited against Fairplay Sport LLC for causing a loss of revenue of more than Rs 100 crore. The ED said, investigation reveals that the main person behind Fairplay is Krish Laxmichand Shah and he has registered various companies like Play Ventures NV and Dutch Antilles Management NV in Curacao (an island country in the South Caribbean Sea), Fair Play Sport LLC, Fairplay Management DMCC in Dubai and Play Ventures Holding Limited in Malta for operating the website.

Where is FairPlay being operated from?

Fairplay is being operated from Dubai. The investigating agency said, 'The documents seized during the search show that the people involved have purchased expensive movable and immovable properties in India and their value is more than Rs 100 crore.'