Overview

• Investigators recovered 24-carat gold bullion worth Rs 50.33 crore from two bank lockers in Challakere, Chitradurga district.
• ED’s Bengaluru Zonal Office carried out the October 9 searches under the Prevention of Money Laundering Act.
• Total assets seized in the case now exceed Rs 150 crore, adding to earlier recoveries of gold, cash, jewellery, bank deposits and high-end vehicles.
• The agency alleges Veerendra’s network operated betting platforms such as King567 and Raja567 with an estimated turnover above Rs 2,000 crore.
• Funds collected from players were routed through gateways like FonePaisa into mule accounts, with proceeds used for international travel and related services for the accused.