Overview
- A division bench of Justices Anil Kshetarpal and Harish Vaidyanathan Shankar dismissed challenges to the Enforcement Directorate’s 2015 provisional attachment orders.
- The court held that downstream betting gains traceable to property tainted by scheduled offences, including forgery or cheating, fall within Section 2(1)(u) of the PMLA.
- The ED alleges the network generated about ₹2,400 crore in turnover between December 2014 and March 2015 using the UK-based platform Betfair.
- Investigators say “Super Master” IDs enabling creation of KYC-free betting accounts were procured for roughly ₹2.4 crore each and distributed across India, Dubai and Pakistan.
- Assets worth about ₹20 crore were attached in 2015 following a Vadodara FIR against partners of Maruti Ahmedabad, and petitioners included bookies Girish Patel, Kiran Thakkar and Mukesh Kumar Sharma.