The Enforcement Directorate (ED) launched a high-stakes raid in Mumbai, targeting a sprawling money laundering network tied to illegal 'dabba trading' and online betting platforms. The operation, still underway, has already uncovered Rs 3.3 crore in unaccounted cash, luxury watches, jewellery, foreign currency, and high-end vehicles across four locations in the city.

The investigation zeroes in on dubious platforms like Vmoney, VM Trading, Standard Trades Ltd, IBull Capital Ltd, LotusBook, 11Starss, and GameBetLeague. These entities allegedly facilitated unregulated securities trading and operated through 'white-labelled' mobile apps, with administrative rights swapped on a profit-sharing basis. The case originated from a January FIR filed by Lasudiya police in Indore, Madhya Pradesh.

ED sources reveal that hawala operators and key fund handlers have been identified, with digital and financial records now under intense scrutiny. The raids expose the murky underbelly of illicit trading and betting networks, which have siphoned off crores of rupees, shaking Mumbai’s financial landscape.

Also Read: Shocking Discovery in Patna: Banker's Body Found in Well with Scooter!

Also Read: SHOCKING TWIST: Kerala Nurse's Execution Halted in Yemen at the Last Minute!