India, July 10 -- The Enforcement Directorate (ED) conducted search operations at four premises linked to the opinion trading platform Probo in connection with the company's alleged "illegal gambling/ betting activities across India".

In a post on X, the directorate said the searches were also conducted at premises connected with the startup's cofounders, Sachin Gupta and Ashish Garg, under relevant sections of the Prevention of Money Laundering Act (PMLA), 2002.

The ED said that various incriminating documents and "digital data" were seized during the searches. It added that assets, including fixed deposits and shares, totalling INR 284.5 Cr, as well as three bank lockers have also been frozen.

The searches, which took place on July 8...