ED Searches Dream11 Office In INR 2,000 Cr Jai Corp PMLA Probe

by · Inc42

SUMMARY

  • The searches were undertaken to ascertain the extent of Dream11’s involvement and Sheth’s financial exposure in the alleged money laundering network
  • ED sleuths are reportedly probing whether the misappropriated funds in the Jai Corp case were routed through entities like technology and sports gaming platforms
  • In its FIR, the CBI has alleged that Jai Corp Ltd. syphoned off funds raised from financial institutions and investors, which led to a loss of INR 2,434 Cr to certain entities