5 months ago
21
ARTICLE AD BOX
NEW DELHI: Rapido has denied immoderate engagement successful an Enforcement Directorate (ED) probe into a Rs 331-crore wealth deposit way linked to a motorcycle taxi operator account.According to ED officials, the relationship received Rs 331.36 crore betwixt August 2024 and April 2025, successful what they described arsenic a classical lawsuit of a "mule" relationship utilized to transmission illicit funds."The idiosyncratic mentioned is 1 of the 2 crore registered captains associated with america for motorcycle taxi services. As with galore workers successful the gig economy, helium whitethorn beryllium associated with aggregate platforms. Rapido has nary relation oregon engagement successful the substance nether investigation. The alleged actions are idiosyncratic to the individual," a Rapido spokesperson said.
"The institution does not endorse oregon tolerate immoderate specified behaviour and remains committed to maintaining the highest standards of transparency, integrity, and compliance with the law."The ED stumbled upon the operator portion investigating the 1xbet online betting-linked money-laundering case. Alarmed by the unusually ample transactions, officials conducted a raid astatine his humble Delhi residence.Investigators noted that much than Rs 1 crore of the deposits had allegedly been utilized to money a "grand destination wedding" astatine a luxury edifice successful Udaipur, Rajasthan, reportedly linked to a young person from Gujarat.
The operator reportedly told the ED helium knew thing astir the transactions oregon the wedding parties involved.The relationship had received "large" deposits from aggregate unidentified sources, which were "swiftly" rerouted to different suspicious accounts. Some funds are linked to amerciable betting, officials said.The ED is present tracing the sources and destinations of the transactions. The bureau had earlier attached assets worthy crores belonging to cricketers Shikhar Dhawan and Suresh Raina portion questioning different celebrities arsenic portion of the 1xbet probe.
