14 hrs ago
ED Arrests Guwahati Bookie in IPL Betting Money-Laundering Probe
The Enforcement Directorate arrested Deepesh Bajoria over alleged illegal cricket betting.
Investigators say he was a principal bookie in a betting network.
The network allegedly operated during IPL seasons in Assam and nearby northeastern areas.
It reportedly used online platforms and encrypted messages to place and settle bets.
Investigators say money moved through the bank account of a firm called DRM Coke.
The account was described as belonging to a non-operational firm.
About Rs 28 crore was credited and nearly the same amount was debited.
Officials also seized documents and copied data from electronic devices.
The investigation is continuing to find out where the money came from and who ultimately received it.
The Enforcement Directorate arrested Guwahati-based principal bookie Deepesh Bajoria under the Prevention of Money Laundering Act.
Investigators allege he operated illegal IPL betting through Skyexchange, Winner7 and encrypted messaging channels.
The syndicate reportedly operated during IPL seasons across Assam and the wider northeastern region.
About Rs 28.12 crore in credits and Rs 28.03 crore in debits passed through the account of DRM Coke.
The investigation, based on a 2021 FIR, is tracing the funds’ source, movement, use and ultimate beneficiaries.
- Who
- The Enforcement Directorate arrested Guwahati-based principal bookie Deepesh Bajoria.
- What
- Bajoria was arrested in a money-laundering investigation into an alleged illegal IPL betting syndicate.
- Where
- The alleged betting network operated across Assam and the wider northeastern region, with the arrest in Guwahati.
- When
- He was arrested on September 19; the underlying FIR was lodged in 2021.
- Why
- The ED alleges that betting proceeds were routed through the account of DRM Coke and presented as legitimate funds.
Key facts
- Arrested person
- Deepesh Bajoria, described by the ED as a principal bookie
- Investigating agency
- Enforcement Directorate
- Law invoked
- Prevention of Money Laundering Act, 2002
- Betting platforms
- Skyexchange and Winner7
- Firm used for routing funds
- DRM Coke
- Account activity
- Approximately Rs 28.12 crore in credits and Rs 28.03 crore in debits
- Court custody
- The CBI court in Guwahati remanded Bajoria to six days of ED custody
- Investigation status
- The source, movement, utilization and ultimate beneficiaries of the funds remain under investigation
Quotes
Enforcement Directorate
India’s federal financial-crime investigation agency
“The material collected, read together with the statements recorded under Section 50 of the PMLA, 2002, establishes that Deepesh Bajoria has knowingly engaged in the acquisition, possession, use, transfer and projection of proceeds of crime as untainted property”
rediff.com
“The source, movement, utilization and ultimate beneficiaries of such funds are under investigation”
rediff.com
Sources
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