Former working president of Indore City Congress and former councilor Vishal alias Golu Agnihotri has been considered by the ED as the main kingpin of illegal Dabba trading and online gambling network. Ed Gave this conclusion in the charge sheet presented in the Special Court (PMLA) on Monday.
Let us tell you that in 2021, ED had started a preliminary investigation on an FIR registered in the case of illegal betting in Mumbai. In this case, raids were conducted at the premises of former Congress working president and councilor Golu in Indore. In this regard, action was taken till 2025 in Mumbai, Ahmedabad and Chennai.
The betting network’s links were also found to be linked to Dubai and cross-border money laundering was also taken into consideration. ED has written in the charge sheet that a total of Rs 404.46 crore was earned through illegal commodity exchanges, online platforms and websites.
ED has named Tarun Srivastava and Srinivas Ramasamy as accused along with chief operator Golu Agnihotri in the online and illegal betting and cross-border money laundering case.
Srivastava remained involved in the transactions, while Ramasamy manipulated the servers for fraudulent trading. Apart from this, Dhaval Devraj Jain, Dharmesh Rajnikant Trivedi and Nidhi Chandnani were also made accused, who used to run fake trading platforms. They were also connected to this betting syndicate.
Attached property only 10 percent
After the initial raids, ED also took action to attach the property of the accused after finding evidence of money laundering. However, assets worth barely 10 per cent of the income figures could be attached. ED attached total assets worth Rs 34.26 crore including immovable property worth Rs 28.60 crore, movable property worth Rs 3.83 crore and balance in bank accounts worth Rs 1.83 crore.
Apart from this, Rs 5.21 crore in cash, 59.9 kg of silver ingots and 100 grams of gold biscuits were seized from different locations during the raids. Precious watches and holdings of cryptocurrency worth Rs 41 lakh were also seized.
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