Overview

• Raids at four Mumbai locations yielded ₹3.3 crore in unaccounted cash, luxury watches, jewellery, foreign currency, vehicles and cash-counting machines
• The operation follows FIR No. 0041/2025 lodged in Indore and has been taken up under the Prevention of Money Laundering Act
• Digital forensics teams are examining trading and betting records to map money-laundering networks
• Apps including VMoney, VM Trading, Standard Trades Ltd, IBull Capital, LotusBook, 11Starss and GameBetLeague have come under scrutiny
• Investigators have identified operators Vishal Agnihotri and Dhaval Devraj Jain alongside hawala handler Mayur Padya alias "Padya"