
Vijay Deverakonda appears before ED: Actor questioned in online betting-linked PMLA case; Rana Daggubati, Lakshmi Manchu also summoned
Vijay Deverakonda
appeared before the
Enforcement Directorate
(ED) in the capital on Wednesday in connection with a money laundering probe linked to illegal online betting and gambling platforms.
The Liger star was summoned to the ED's zonal office as part of an ongoing investigation into the alleged promotion of betting apps that reportedly generated "illicit" funds.
Earlier this week, actor Prakash Raj was also questioned in the same case, appearing before the agency on July 30. The ED has additionally summoned Rana Daggubati and Lakshmi Manchu, among others, in connection with the probe.
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According to sources, the actors allegedly "endorsed" online betting platforms suspected of laundering money through illegal gambling activities. The ED's case is based on at least five FIRs filed by various state police departments.
The agency is expected to record the statements of the actors under the Prevention of Money Laundering Act (PMLA).
Deverakonda, a Hyderabad-born actor who rose to fame with the 2017 blockbuster Arjun Reddy, made his debut in the 2011 Telugu film Nuvvila.
Sources said to news agency PTI that some of the celebrities have claimed they were unaware of the true nature of the platforms they promoted and denied any involvement in illegal betting.
(With agency inputs)
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The Hindu
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- The Hindu
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Indian Express
11 minutes ago
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In a strong order earlier this year, SEBI laid out how RHFL and its key executives, including Anil Ambani, allegedly orchestrated a fraud on public investors and shareholders. * Rs 12,487 crore in loans were disbursed to 47 shell companies (Potentially Indirectly Linked Entities) between FY17 and FY19. * Many of these companies shared common addresses, directors, or email domains with Anil Ambani group firms. * Deviations from credit policies were routine: loans disbursed on the day of application, backdated sanction memos, incomplete documentation, no security creation. * Loans were allegedly routed to repay earlier loans — an evergreening loop that misrepresented financial health. * A forensic audit by Grant Thornton found that in many cases, the funds ended up back with group companies like Reliance Capital, Reliance Infra, and Reliance Big Entertainment. * SEBI said the GPCL (General Purpose Corporate Loan) scheme was a facade for diversion. 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Anil Ambani stepped down from several board positions, and group assets were either sold or restructured through insolvency proceedings. A slow turnaround began in 2022. The group pivoted to clean energy, infrastructure, and defence manufacturing. Reliance Power achieved zero debt, and new defence partnerships were forged with European companies. —With inputs from Mahender Singh Manral