ED Freezes Assets Worth Over ₹15 Crore In APX Betting Probe; Identifies ₹182 Cr In APMC-Linked Withdrawals
Mumbai, October 17, 2026: The Enforcement Directorate (ED) has frozen assets worth more than Rs 15 crore and bank accounts across multiple locations following searches in an investigation into alleged online betting operations linked to All Panel Exchange (APX) and related cyber-fraud activities. The searches, conducted on October 13, covered Mumbai, Pune, Bengaluru, Surat and Unjha in Gujarat,…
The Enforcement Directorate (ED) has frozen assets worth over ₹15 crore and seized bank accounts across Mumbai, Pune, Bengaluru, Surat, and Unjha in connection with an investigation into alleged online betting operations linked to All Panel Exchange (APX) and cyber-fraud activities. The agency identified ₹182 crore in APMC-linked withdrawals, revealing a multi-tier laundering infrastructure that exploited traditional agricultural banking channels to mask digital betting proceeds.
The investigation is part of a broader probe into financial dealings worth ₹958 crore involving Edsom Fintech, including ₹341.66 crore allegedly received through payment gateways.
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