New Delhi, Sep 9
The ED has provisionally attached movable and immovable properties valued at Rs 34.26 crore in the illegal online betting and Dabba Trading case linked to Indore.
Dabba trading refers to illegal stock trading that happens outside official stock exchanges like the National Stock Exchange or the Bombay Stock Exchange.
Funds collected from investors and participants were routed through mule bank accounts, hawala channels, and cryptocurrency transactions.
Statements recorded under Section 50 of PMLA established the flow of funds and their utilisation in acquiring assets in the names of promoters, family members, and associated entities, it said.
Further, PoC worth Rs 24.13 crore in the form of cash, luxury watches, gold/ diamond jewellery, bank accounts and demat account holdings has already been seized/ frozen in this case. Therefore, the total PoC attached/seized in the present case amounts to Rs 58.39 crore.