Hyderabad, Nov. 19 -- The Enforcement Directorate will be stepping in to investigate money laundering and related financial violations by iBomma website mastermind, Immadhi Ravi.

The Hyderabad police arrested Ravi on Monday after he arrived in the city from France.

Ravi, the mastermind behind the iBomma/Bappam piracy ecosystem, had data of 50 lakh subscribers and about 21,000 movies on his hard disks. He was involved in the piracy of new film releases, causing a massive loss to the film industry.

According to police, through this illegal ecosystem of piracy and betting promotions, the accused earned approximately Rs 20 crore. With the proceeds, he purchased plots and flats and maintained a balance of Rs 3.5 crore in his bank account, w...