Archive · 26 Jul 2026
ED Probes Pune Fintech in ₹800-Crore Money Laundering Case
The Enforcement Directorate (ED) is investigating a Pune-based fintech company called Edsom Fintech Pvt.
Ltd.
for allegedly helping to launder money from a fraudulent online betting and investment platform called ALL PANEL EXCHANGE.
The ED says that the company used shell companies and cryptocurrency to move hundreds of crores of rupees to other countries.
They also found that the company's bank accounts were linked to many cybercrime complaints.
The ED conducted searches in Mumbai, Pune, and Bengaluru and seized important documents and devices.
They also froze several bank accounts.
The investigation started after a police report was filed in Jalgaon about the ALL PANEL EXCHANGE platform, which tricked people into investing money and then blocked their withdrawals.
The ED also found that the fintech company is involved in another online gaming fraud case in Bengaluru, where someone lost ₹5.30 crore.
The ED is investigating Edsom Fintech Pvt. Ltd. for allegedly laundering ₹800 crore through shell entities and cryptocurrency.
The money trail is linked to the ALL PANEL EXCHANGE platform, which defrauded users through online betting and investment scams.
Searches were conducted in Mumbai, Pune, and Bengaluru, leading to the seizure of incriminating documents and digital devices.
The fintech firm's accounts were linked to numerous cybercrime complaints involving online gaming, investment scams, and cryptocurrency fraud.
The ED alleges that fabricated KYC documents of a credit cooperative society were used to route nearly ₹800 crore through a cryptocurrency exchange platform.
- Who
- Enforcement Directorate (ED), Edsom Fintech Pvt. Ltd., ALL PANEL EXCHANGE platform users
- What
- Alleged money laundering and fraud through online betting and investment scams
- When
- July 25, 2026
- Where
- Mumbai, Pune, Bengaluru
- Why
- To investigate and uncover the money trail and fraudulent activities
ED's Allegations
Fintech Firm's Defense
Role in Money Laundering
ED's Allegations
ED alleges Edsom Fintech Pvt. Ltd. was central in laundering proceeds from the ALL PANEL EXCHANGE fraud through shell entities and cryptocurrency.
Fintech Firm's Defense
No defense statement provided in the article.
Use of Shell Entities
ED's Allegations
ED claims funds were routed through shell entities and converted into cryptocurrency before being transferred offshore.
Fintech Firm's Defense
No defense statement provided in the article.
- Date
- July 25, 2026
- Agency
- Enforcement Directorate (ED)
- Fintech Firm
- Edsom Fintech Pvt. Ltd.
- Alleged Fraud Platform
- ALL PANEL EXCHANGE
- Amount Involved
- ₹800 crore
- Act
- Prevention of Money Laundering Act (PMLA)
- Locations Searched
- Mumbai, Pune, Bengaluru
- Complainant's Loss
- ₹5.30 crore