ED Mumbai attaches Rs 219.66 crore in illegal cricket broadcast case across 3 states and 1 UT

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The enactment was taken connected Friday nether the Prevention of Money Laundering Act (PMLA) arsenic portion of an ongoing probe successful the lawsuit of Fairplay, an online level allegedly progressive successful the amerciable broadcasting of IPL matches and assorted betting activities.

The Mumbai Zonal Office of the Enforcement Directorate (ED) Monday said it had provisionally attached movable assets successful the signifier of Demat Account holdings and immovable assets successful the signifier of land, flats, and commercialized warehouses located crossed 3 states — Ajmer (Rajasthan), Kutch (Gujarat), Thane and Mumbai (Maharashtra) — and the Union Territory of Daman, collectively worthy Rs 219.66 crore.

A connection connected Monday said that the ED had initiated its probe based connected an FIR registered by Nodal Cyber Police successful Mumbai, against M/s. Fairplay Sport LLC and others, connected the ailment of M/s. Viacom18 Media Pvt Limited nether assorted sections of IPC, Information Technology Act, and Copyright Act, for causing a nonaccomplishment of gross of much than Rs 100 Crore (considered the proceeds of crime).

The ED probe allegedly revealed that Krish Laxmichand Shah (the cardinal accused down Fairplay) had registered assorted companies specified arsenic M/s. Play Ventures NV and M/s. Dutch Antilles Management NV astatine Curacao (the Netherlands), M/s. Fair Play Sport LLC and M/s. Fairplay Management DMCC astatine Dubai (United Arab Emirates) and M/s. Play Ventures Holding Limited successful the state of Malta, for the operations of “Fairplay”.

Fairplay is allegedly chiefly operated by Shah from Dubai with the assistance of his associates specified arsenic Siddhant Shankaran Iyer (alias Joe Paul) allegedly looking aft the fiscal aspects of Fairplay, and Chirag Shah and Chintan Shah allegedly aft the technological and bundle improvement aspects, per the ED.

The agency’s probe further allegedly revealed that Shah and his associates person acquired assorted movable and immovable assets from the proceeds of transgression either successful their names oregon successful the sanction of their relatives and household members.

Earlier, the ED had conducted hunt operations successful this lawsuit connected June 12, August 27, September 27, and October 25 this year, and had seized/frozen assorted movable assets, “incriminating” documents, and integer devices. The full attachment and seizure successful this lawsuit to day amounts to Rs 331.16 crore. Further probe is underway.

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