Archive · 22 Jul 2026
ED Raids 11 Locations in Online Betting Probe
The Enforcement Directorate (ED) conducted raids on 11 locations in Maharashtra and Karnataka as part of a money laundering investigation.
The raids targeted the online betting platform 'All Panel Exchange', which is suspected of operating illegally and laundering money through a complex network of bank accounts.
The ED alleges that the platform used a franchise-based model to operate across multiple states, with funds being routed through various accounts to hide their origin.
The investigation is based on two FIRs filed by the police in Maharashtra and Karnataka.
The ED seized financial records, digital devices, and other materials during the raids to trace the money trail and identify the beneficiaries.
ED conducted raids on 11 premises in Maharashtra and Karnataka linked to 'All Panel Exchange' betting platform.
Raids were conducted under the Prevention of Money Laundering Act (PMLA).
The investigation is based on two FIRs filed by the police in Jalgaon and Bengaluru.
The platform allegedly operated as a franchise-based 'white-label' betting ecosystem.
Funds were routed through mule accounts and layered across multiple financial channels to conceal their origin.
- Who
- Enforcement Directorate (ED)
- What
- Raids on 11 premises linked to online betting platform 'All Panel Exchange'
- When
- July 21, 2026
- Where
- Maharashtra and Karnataka
- Why
- Investigation into money laundering and illegal betting operations
Law Enforcement Perspective
Betting Operators' Perspective
Legality of Operations
Law Enforcement Perspective
The ED views the operations as illegal and linked to money laundering.
Betting Operators' Perspective
Operators may argue that they are providing a service within a legal gray area.
Transparency of Funds
Law Enforcement Perspective
The ED alleges funds are routed through mule accounts to conceal their origin.
Betting Operators' Perspective
Operators may claim that funds are managed transparently and legally.
- Date of Raids
- July 21, 2026
- Locations Raided
- Mumbai, Pune, Bengaluru
- Number of Premises Searched
- 11
- Act Under Which Raids Conducted
- Prevention of Money Laundering Act (PMLA)
- Alleged Platform
- All Panel Exchange
- FIRs Linked to Investigation
- Two (one in Jalgaon, one in Bengaluru)