With this latest action, the total value of assets attached in the case has risen to approximately ₹37.23 crore, as the probe continues.

How the Alleged Betting Network Operated

According to the agency’s findings, the platform allegedly operated in India without authorization and promoted online betting through multiple mirror websites designed to evade detection.

Investigators say the operation used a concealed payment mechanism involving:

• dynamically generated UPI IDs
• mule bank accounts
• layered transactions

This structure allegedly helped disguise fund flows and conceal the identities of ultimate beneficiaries while laundering proceeds of crime.

Advertising Trail Leads to Digital Platforms

The investigation also uncovered links between promotional campaigns and corporate entities.

The ED stated that Parthtech Developers LLP, operator of cricket platforms CREX and OneCricket, had entered into structured advertising agreements with Switzerland-based Bwise Media AG for the promotion of betting platforms including 1xBet.

Statements recorded under statutory provisions indicated that advertisements for the betting platform were:

• directly booked,
• geo-targeted for Indian audiences,
• and executed via an in-house ad server system known as “Parth Adex.”

Public Advisory Issued

Authorities have issued a public warning urging citizens to remain cautious about unauthorized betting platforms operating in India.

The ED advised the public:

• not to use illegal betting or gambling websites,
• not to transfer funds to suspicious UPI IDs or payment links,
• and not to share personal or banking details on such platforms.

Citizens with information about illegal betting operations or payment channels have been encouraged to report it to enforcement agencies.

Why This Case Matters

The case highlights growing concerns among regulators about digital betting networks using fintech tools to bypass oversight. Investigators say the use of dynamically generated payment handles and layered transactions reflects increasingly sophisticated financial structures designed to obscure money trails.

Financial crime experts note that enforcement agencies are now focusing not only on platform operators but also on:

• payment infrastructure,
• advertising supply chains,
• and intermediary networks.

Investigation Ongoing

Officials confirmed that further investigation is underway and additional attachments or enforcement actions may follow depending on evidence gathered.

Also Read: ED Raids in Mumbai Uncover ₹59 Crore Assets in Probe Into Alleged Fraud at Lodha Developers

The post ED Attaches ₹18.10 Crore Assets in 1xBet Case; Probe Finds Illegal Betting Network Using UPI Mule Accounts appeared first on Square Feat India.

Assets Under Attachment

The provisionally attached assets include:

The ED noted that these assets were acquired through illegal betting proceeds and laundered money routed abroad via trade-based mechanisms.

How the Case Began

The investigation was triggered by an FIR filed by Viacom18 Media Pvt. Ltd. with the Nodal Cyber Police in Mumbai against M/s Fairplay and others.

• Allegations included illegal broadcasting, copyright violations, and online betting activities.
• The FIR estimated a loss of over ₹100 crore in revenue.
• Multiple other FIRs against Fairplay and its associates were later consolidated for investigation.

Modus Operandi: Offshore Companies & Laundering

According to the ED probe, Krish Laxmichand Shah, identified as the key mastermind, created multiple companies across global jurisdictions to operate Fairplay:

• Curacao: M/s Play Ventures N.V, M/s Dutch Antilles Management N.V
• Dubai (UAE): M/s Fair Play Sport LLC, M/s Fairplay Management DMCC
• Malta: M/s Play Ventures Holding Limited

Shah, along with associates like Anil Kumar Dadlani, allegedly managed Fairplay primarily from Dubai. The investigation found that Shah, his family, and associates acquired assets in their own names and in the names of related entities across the UAE.

Previous Action by ED

The case has been under ED’s lens for over a year with multiple enforcement steps:

With the latest attachment, the total assets seized/attached in the case now amount to ₹651.31 crore.

What Lies Ahead

The ED has confirmed that further investigation is ongoing, especially into fund flows abroad and asset acquisitions in the UAE. Officials suggest that the scale of operations indicates “proceeds of crime” running into several hundred crores.

Also Read: ED attaches Sanjay raut’s property

The post ED Attaches Assets Worth ₹307 Crore Linked to Illegal Betting App ‘Fairplay’ appeared first on Square Feat India.