Overview

• A special court granted the Enforcement Directorate four more days of custody for K.C. Veerendra, extending detention until September 8.
• The ED says it seized six Mercedes-Benz cars—five bearing VIP number 0003—and marked ₹55 crore for freeze across accounts.
• About ₹40.69 crore was found in nine bank accounts and one Demat account in Veerendra’s name, with ₹14.46 crore traced to 262 mule accounts tied to an accused gateway.
• The agency alleges betting sites such as King567, Raja567 and Lion567 used multiple gateways, with funds layered through escrow and TSPs before being siphoned via mule accounts and hawala.
• The Karnataka High Court has issued notice on a petition by Veerendra’s wife challenging the arrest, with further hearing listed for September 8.