India, Dec. 20 -- The Enforcement Directorate (ED) yesterday reportedly conducted search operations at multiple premises linked to the erstwhile real money gaming (RMG) giant Dream11 in connection with the alleged INR 2,434 Cr financial fraud involving Jai Corp Limited.

As per Storyboard18, the agency carried out searches at the office of the gaming platform as well as premises linked to Dream11 cofounder Bhavit Shah. The operation was undertaken under anti-money laundering laws.

Last reported, the searches were still underway to seize documents, digital evidence and financial records to ascertain the extent of Dream11's involvement and Sheth's financial exposure in the alleged money laundering network.

If reports are to be believed, t...