Overview

• The provisional attachment dated September 19 was issued under the Prevention of Money Laundering Act.
• The assets cover Indian bank balances as well as land, flats and villas located in Dubai.
• The investigation stems from an FIR by Viacom18 that alleged revenue losses exceeding ₹100 crore tied to Fairplay’s activities.
• Investigators identify Dubai-based Krish Laxmichand Shah as the key operator using entities in Curaçao, Dubai and Malta, with associates allegedly acquiring UAE assets via related entities.
• Prior actions include multiple 2024 searches, the February arrests of Chintan and Chirag Shah, and an April prosecution complaint taken on record by a Mumbai PMLA court.