Archive · 21 May 2025
Brothers Granted Bail in Fairplay App Money Laundering Case
Two brothers, Chirag and Chintan Shah, who worked on the Fairplay betting app, were let out on bail.
The court decided they likely just did software and IT work, not the illegal stuff.
The app is accused of laundering money, a big no-no.
Fairplay doesn't even have proper licenses to operate in India.
The brothers' company received money for their services and paid taxes.
The court didn't find enough proof that the brothers knew about or helped with the cheating or money laundering.
The ED (Enforcement Directorate) is still investigating the case, and the Fairplay group is in trouble.
Two brothers, Chirag and Chintan Shah, received bail in a Rs 4,500 crore money laundering case related to the Fairplay app.
The court found their role was likely limited to software development and IT support for the betting app.
The judge stated that gaming and betting are not scheduled offenses under PMLA (Prevention of Money Laundering Act).
The Shahs' company received Rs 2.4 crore for its services and paid tax.
The ED had filed a chargesheet against 11 accused, including the Shahs and key players of Fairplay.
- Who
- Chirag and Chintan Shah, along with the Fairplay app and its associated entities.
- What
- Bail was granted to two brothers in a money laundering case tied to the Fairplay betting app.
- When
- Tuesday
- Where
- Mumbai, India
- Why
- The court believed their role was limited and insufficient evidence of their knowledge of illegal activities.
- Accused
- Chirag Shah, Chintan Shah, Fairplay Group
- Case
- Rs 4,500 crore money laundering
- Allegation
- Money Laundering via Betting App
- Role of Brothers
- Software development and IT support
- Chargesheet filed against
- 11 Accused
- Bail Granted By
- Special PMLA court