The Directorate of Law Enforcement (ED) announced on Thursday that it had carried out a series of raids in Mumbai and Pune, targeting the “Fairplay” online page as part of an ongoing investigation into money laundering. The online page allegedly participated in the effects of the 2024 Lok Sabha election and the illegal streaming of IPL cricket matches.
The raids, which took place on Wednesday, covered 19 sites in key cities in Maharashtra, the ED revealed in an official statement. During the operation, the federal firm confiscated or froze assets including cash, bank funds, holdings in demat accounts and luxury watches. worth 8 million rupees. In addition, compromising documents and virtual devices were also confiscated.
The ED’s investigation is similar to an FIR filed through the Mumbai Police’s Cybercell, initiated through a complaint by Viacom18 Media Pvt Limited. The complaint filed against Fairplay Sport LLC and other entities, generating a profit loss of more than one hundred crore rupees. The investigation revealed a complex internet of monetary transactions involving fictitious bank accounts and fake invoices, with budget allegedly diverted to foreign entities in Hong Kong, China and Dubai.
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