ED, Indore has provisionally attached properties worth more than Rs. 1 Crore (approx.) on 30.01.2025 in connection with the case of Illegal Online Betting Satta Matka under the provisions of PMLA, 2002

Purpose:
The Directorate of Enforcement (ED), Indore has issued a Provisional Attachment Order (PAO) under the Prevention of Money Laundering Act (PMLA), 2002, attaching properties worth over Rs. 1 Crore in connection with an illegal online betting and Satta Matka case. This action aims to prevent the laundering of proceeds from illicit activities.

Effects on Industry:
The ED’s move is likely to have a significant impact on the online gaming industry, particularly those operating in Madhya Pradesh, Karnataka, and other parts of the country. The attachment of properties and the investigation into illegal betting operations may lead to increased scrutiny and potential shutdowns of similar businesses. This could result in job losses and financial losses for operators and employees alike. Furthermore, the reputational damage to the industry as a whole may be substantial.

Relevant Stakeholders:
The stakeholders affected by this development include:

• Businesses operating online gaming platforms or Satta Matka apps
• Individuals involved in running these operations, such as Manoj Malviya and his associates
• Users of these services, who may have unknowingly engaged in illegal activities
• Law enforcement agencies, including the ED and local police forces

Next Steps:
The investigation is ongoing, and further action may be taken against those involved in the illegal online betting operations. The ED will continue to work with law enforcement agencies to identify and attach properties linked to illicit activities.

Any Other Relevant Information:
This case highlights the importance of combating money laundering and preventing the exploitation of unsuspecting individuals through online scams. It also underscores the need for businesses operating in regulated industries to ensure compliance with relevant laws and regulations. The ED’s efforts demonstrate a commitment to protecting citizens from financial crimes and maintaining the integrity of the country’s economic system.