Betting app probe: ED seizes assets worth 219cr

Mumbai: The Enforcement Directorate has provisionally attached land parcels, flats and a commercial warehouse in Ajmer, Kutch, Daman, Thane and the city worth Rs 219.7 crore under Prevention of Money Laundering Act (PMLA), 2002 as part of the ongoing probe in case of "Fairplay" which was involved in illegal broadcast of cricket/IPL matches and various online betting activities. ED initiated investigation on the basis of FIR registered by Nodal Cyber Police, Mumbai against Fairplay Sport LLC and others on the complaint of Viacom18 Media Pvt Limited for causing loss of revenue of more than Rs 100 crore, which amounts to proceeds of crime. Krish Laxmichand Shah, the key person behind Fairplay had registered various companies for the operations of "Fairplay". The company operated from Dubai, with the help of his associates such as Siddhant Shankaran Iyer (alias Joe Paul) , Chirag Shah, Chintan Shah. tnn