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Angadia firm raids: Bank accounts linked to Dubai, Amit Majithia revealed

by TLAteam May 13, 2024May 13, 2024
written by TLAteam May 13, 2024May 13, 2024
Angadia firm raids: Bank accounts linked to Dubai, Amit Majithia revealed

Following raids at 25 angadia firms by crime investigation department (CID) and income tax (I-T) department officials across Gujarat last week, transactions of ₹1,200 crore have been unearthed from over 50 suspicious bank accounts in Ahmedabad in the ongoing probe.

Business News

The bank accounts included transactions linked to Dubai during the Indian Premier League (IPL) season.

The CID probe has again brought forth the alleged involvement of infamous bookie Amit Majithia and other bookies in the transactions linked to Dubai.

Majithia, a resident of Bodakdev in Ahmedabad, and originally from Adipur, Kutch, had emerged as the mastermind in the earlier ₹1,195 crore money laundering case that was unearthed in January. He is said to operate his network from Dubai.

The CID teams also searched Majithia’s house in Ahmedabad and Adipur.

A red corner notice was issued for Majithia in January 2024, after which he fled to Dubai and later to Thailand.

On May 9, CID and I-T sleuths carried out searches at 25 angadia firms in Gujarat.

In the raids, ₹18 crore cash and 1 kg gold was seized, besides transactions of ₹1,200 crore from over 50 suspicious bank accounts were unearthed from an angadia firm in Ahmedabad.

The raids at angadia firms stemmed from a three-month investigation by CID (crime). According to a senior official, in January 2024, firms in Ahmedabad, Rajkot, and Junagadh were raided in connection with cricket betting and online gaming.

The initial investigation revealed 35 dummy accounts associated with Hemant Trading, Shivam Trading, and a person named Khanaji.

From June 2021 to January 2024, a total transfer of ₹1,195 crore through these accounts was revealed.

A complaint was registered against Om Prakash Tiwari (resident of New Delhi), Bhavesh Sanchaniya (Junagadh), Ashwi Sanchaniya (Junagadh), Dhananjay Patel (Balasinor), Vicky, and Bhavesh Joshi (residents of Banaskantha) in this case.

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