Overview

• Prakash Raj appeared at the ED’s Hyderabad office on July 30 and told officials he endorsed a 2016 betting app without accepting any fee and discontinued the promotion on moral grounds.
• After four hours of questioning, Raj was informed he will not face any further summons in the money laundering inquiry linked to illegal online betting.
• The ED registered an ECIR under the Prevention of Money Laundering Act on July 10, building on five FIRs filed by Telangana and Cyberabad police.
• Rana Daggubati’s deposition has been rescheduled for August 11, with Vijay Deverakonda and Lakshmi Manchu set to appear in early August.
• Investigators have seized assets worth hundreds of crores and subpoenaed Google and Meta as they map financial trails through surrogate ads and white-label betting operations.