ED Searches in Ahmedabad & Other Cities Over Dabba Trading and Online Betting Probe
July 16, 2025
Ahmedabad: The Enforcement Directorate (ED) on Tuesday carried out searches in Mumbai, Delhi, Indore, and Ahmedabad as part of its money laundering probe related to a criminal case involving dabba trading and online betting activities.
During these raids, officials searched four locations in Mumbai, seizing unaccounted cash amounting to ₹3.3 crore, along with luxury watches, jewellery, foreign currency, and high-end vehicles. Cash counting machines were also confiscated.
It is learnt that the investigation is scrutinising several applications suspected of facilitating dabba trading, including VMoney, VM Trading, Standard Trades Ltd, IBull Capital, LotusBook, 11Starss, and GameBetLeague.
The ED’s money laundering investigation stems from a case registered earlier this year by Lasudiya Police Station in Indore under sections 319(2) and 318(4) of the Bhartiya Nyaya Sanhita.
According to agency officials, these online betting platforms were operated using white-label applications and administrator rights that were transferred among operators on a profit-sharing basis. The probe has also led to the identification of hawala operators and fund handlers, whose digital and financial transactions are now under examination. DeshGujarat
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