Ahmedabad has become the focal point of a massive money laundering investigation involving a 28-year-old Rapido bike rider. Pradip Od, who earns just Rs 10,000–12,000 monthly, is alleged to be a key player in a ₹550-crore scheme tied to illegal online betting.
The Enforcement Directorate (ED) filed a complaint with the Detection of Crime Branch (DCB) on March 3, outlining accusations against Od. According to ED officials, his bank accounts were used for routing illicit betting profits and manipulating stock prices.
Assistant Director Hridesh Kumar spearheaded the complaint based on insights gained from investigations into the illegal 1xBet betting operation. A letter sent on November 27 last year prompted action under various laws including the Prevention of Money Laundering Act (PMLA).
At the heart of this case are three firms—Pradip Enterprises, Kamlesh Trading, and Ronak Traders—established in 2024 using false documents and dubious addresses. These companies reportedly processed around Rs 550 crore in transactions within just one year.
Od claimed he was merely an unwitting participant. In his statement under PMLA provisions, he said he was compensated Rs 25,000 for each account created and received Rs 400 for signing cheque leaves. He asserted that he had no control over any financial dealings linked to these accounts.
The investigation revealed that Kiran Parmar alias Lala is believed to be orchestrating this extensive network. Additional suspects like Mahadev, Jugal, Ravi, and Jeevraj allegedly assisted by managing bank accounts and facilitating communication through SIM cards.