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2w ago

Vijay Deverakonda Appears Before ED, Affirms Legal Gaming App Endorsement

ED investigators are tracing ad-revenue trails under a PMLA ECIR naming 29 celebrities

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In his recent appearance before ED, Vijay Deverakonda provided the necessary documents to prove his compliance with regulations, emphasising the distinction between gaming and betting apps.
Vijay Deverakonda Reaches ED Office in Betting Apps Case — But Did You Know He Owns a Rs 15-Crore Mansion and a Private Jet?
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Overview

  • Vijay Deverakonda recorded his statement in Hyderabad and told officials his contract with gaming app A23 ended in 2023 and did not involve illegal betting platforms
  • Investigators are scrutinising financial transactions, promotional contracts and geo-location restrictions to map celebrity ad fees to suspected illicit betting proceeds
  • The ED registered an ECIR on July 10 under the Prevention of Money Laundering Act based on five FIRs and has named 29 film and social media personalities
  • Rana Daggubati is due to appear before the ED on August 11 and Manchu Lakshmi has been summoned for August 13 as the multi-state probe continues
  • Authorities have frozen over 760 mule accounts and are probing ₹27,000 crore in potential tax evasion linked to celebrity-endorsed apps accused of causing widespread financial losses