Overview
- ED searched at least 27 locations, including Dream11’s office and premises tied to co-founders Harsh Jain and Bhavit Sheth, with 23 sites in Mumbai and others in Bengaluru, Nashik and Raipur.
- Investigators recorded preliminary statements from Anand Jain, Harsh Jain and Bhavit Sheth during the operations.
- Officials are examining potential financial links between Jai Corp entities and Dream Sports while seizing documents and digital records under the PMLA to trace suspected proceeds of crime.
- The CBI FIR filed on February 18 alleges diversion of ₹2,434 crore raised via the Urban Infrastructure Opportunities Fund, with claims of layered transactions, forged invoices and offshore routing through jurisdictions including Mauritius and Jersey.
- Dream11 had already shut real-money gaming after the August online gaming law, and the ED’s investigation remains ongoing with companies declining to comment.