ED raids Fairplay's premises for involvement in 2024 poll results betting

The Enforcement Directorate Thursday said it has conducted raids in Mumbai and Pune as part of a money laundering investigation against a website that allegedly indulged in online betting on 2024 Lok Sabha election results and illegal broadcast of IPL cricket matches. The searches were launched on Wednesday at 19 locations in the two cities of Maharashtra of the portal 'Fairplay'--https://thefairplay.io, the federal agency said in a statement. Cash, bank funds, demat account holdings and luxury watches to the tune of Rs 8 crore were seized or frozen apart from various other incriminating documents and digital devices, it said. The portal was involved in "illegal broadcasting of cricket/IPL matches and various online betting activities including results of Lok Sabha Elections 2024, the agency said. The Lok Sabha poll results were declared on June 4. The money laundering case stems from an FIR of the Mumbai Police cyber cell which was filed on the complaint of Viacom18 Media Pvt Lim