ED conducts raids at Dream11 in ₹2,434 crore probe
after close1 source ↓written by the desknot a recommendation
- money laundering investigation
- ₹2,434 crore
The Enforcement Directorate (ED) has launched a major crackdown on financial irregularities by raiding Dream11's headquarters and properties linked to co-founder Bhavit Sheth. This operation, part of a ₹2,434 crore money laundering investigation involving Jai Corp Limited, spanned over 30 locations across India, including Mumbai and Bengaluru.
The inquiry focuses on whether funds misappropriated from Jai Corp were funneled into Dream Sports, raising concerns about potential impacts on the fantasy gaming sector. 📈
Not investment advice. For informational purposes only.