Did the ED Really Attach Rs 81 Lakh in Assets Linked to Amit Majithia's Online Betting Scam?
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Synopsis
In a significant crackdown on illegal online betting, the ED has confiscated assets worth Rs 81 lakh connected to Amit Majithia. This case reveals the intricate web of financial crimes involving fake entities and illegal gambling. As investigations continue, the agency emphasizes the importance of tackling digital gambling networks that prey on the youth.
Key Takeaways
- The ED has seized assets worth Rs 81 lakh linked to an online betting scam.
- Amit Majithia and his associates operated illegal betting websites.
- The investigation revealed fraudulent activities involving fake entities.
- The case highlights the rising trend of online gambling exploitation.
- The ED continues to pursue the investigation into the money trail.
New Delhi, Nov 12 (NationPress) The Enforcement Directorate (ED) has seized fixed assets amounting to Rs 81 lakh under the Prevention of Money Laundering Act (PMLA), 2002, in relation to an unlawful online betting scheme, as reported by the agency on Wednesday.
This action is a result of a First Information Report (FIR) lodged by the DCB Police Station in Surat against Kamlesh Jariwala and others for alleged cheating, forgery, and criminal conspiracy aimed at unlawful financial benefits.
The ED's investigation revealed that the accused Amit Majithia, along with his associates, managed betting websites like CBTF247.COM and T20EXCHANGE.COM.
“During the PMLA investigation, it was uncovered that Amit Majithia, in collusion with others, has been operating betting websites such as M/s CBTF247.COM and T20EXCHANGE.COM,” stated the ED in a press release.
These platforms attracted users, particularly the youth, into illegal online gambling via games like poker, teenpatti, and casino games, alongside facilitating bets on sports including cricket, football, badminton, tennis, and hockey.
Investigators discovered that Majithia and his associates laundered the proceeds of crime (POC) by dispersing funds across numerous bank accounts opened under fictitious company names.
In a bid to conceal the illicit financial activities, Majithia appointed his wife as a majority partner—holding an 85 percent stake—in BCC Music Factory, a Noida-based firm allegedly involved in the laundering of betting proceeds.
“It was also revealed that he designated his wife as an 85 percent partner in M/s. BCC Music Factory, Noida, which was utilized to launder POC,” the agency noted.
Searches executed on July 10, 2025, at locations in Noida resulted in the confiscation of incriminating documents, digital devices, Rs 30 lakh in unaccounted cash, and Rs 25 lakh spread across various bank accounts.
The ED additionally found that Majithia acquired property under his wife, Rohini Majithia, using proceeds generated from these unlawful betting platforms.
The attached assets, appraised at Rs 81 lakh, comprise immovable properties associated with the accused.
The ED has asserted that the investigation into the financial trail and the involvement of other parties is still in progress.
This case highlights the escalating misuse of online platforms for betting and the enforcement agency's determination to address financial crimes fueled by digital gambling networks.
Point of View
I believe this incident exemplifies the urgent need for stringent regulation of online gambling platforms. The involvement of high-profile individuals like Amit Majithia underscores the complexity of such financial crimes. It's essential for authorities to intensify their efforts in curbing illegal gambling and protecting the youth from exploitation.
NationPress
13/11/2025
Frequently Asked Questions
What is the Enforcement Directorate?
The Enforcement Directorate (ED) is a law enforcement agency in India responsible for enforcing economic laws and combating financial crimes, including money laundering.
What is the Prevention of Money Laundering Act?
The Prevention of Money Laundering Act (PMLA) is an Indian law enacted in 2002 to prevent money laundering and to provide for confiscation of property derived from money laundering.
What are the betting websites involved in this case?
The betting websites involved in this case include CBTF247.COM and T20EXCHANGE.COM, which were allegedly operated by Amit Majithia and his associates.
What actions were taken by the ED?
The ED attached assets worth Rs 81 lakh linked to the illegal betting operation and is currently investigating the money trail and involvement of other entities.
Why is online betting a concern?
Online betting is a concern because it often leads to illegal gambling, financial fraud, and exploitation of vulnerable individuals, particularly the youth.
