Skip to content
Get the Balanced News app for a better experience!
The Balanced News Logo
Analytics
The Balanced News Logo

Stay Balanced, Stay Informed

Menu
  • Browse News
  • Underreported Stories
  • Curated Feeds
  • Insights
  • Analytics
  • Our Writers
  • About Us
  • Download App
Learn
  • How It Works
  • Bias Detection
  • Lens Score
  • Source Bias Checker
  • Accountability
  • Custom Feeds
Newsroom
  • Writers & Analysts
  • About TBN
  • Editorial Standards
  • Corrections Policy
  • Our Partners
  • Insights
Socials
  • Youtube
  • Instagram
  • X
  • Facebook
News Categories
  • Trending
  • Politics
  • Sports
  • Business
  • Tech
  • Entertainment
  • Health
  • Science
  • Crime
  • Lifestyle
  • National
  • International
  • Good News
  • Crypto

Get Our App

Available for iOS and Android


LensFeedsInsightsAnalyticsTrendingGood NewsSportsPoliticsBusinessCrimeTechEntertainmentHealthNationalInternational

© 2026 The Balanced News. All rights reserved.

About UsEditorial StandardsCorrectionsHelp & SupportPrivacy PolicyTerms & Conditions
Enforcement Directorate Probes Online Betting Fraud, Freezes Assets and Bank Accounts

Categories

Categories

Related Coverage

Select a news story to see related coverage from other media outlets.

Related Coverage

Select a news story to see related coverage from other media outlets.

  1. Home
  2. /
  3. Crime

Enforcement Directorate Probes Online Betting Fraud, Freezes Assets and Bank Accounts

Analysed 18 Oct 2026·2 sources analysed·Mumbai, India·Crime
Enforcement Directorate Probes Online Betting Fraud, Freezes Assets and Bank AccountsPreviousNext

The Enforcement Directorate (ED) conducted searches across multiple cities, freezing over Rs 15 crore in assets and 75 bank accounts linked to alleged online betting fraud involving All Panel Exchange (APX) and MGM91 platforms. The investigation targets money laundering through shell companies, mule accounts, fintech firms like Pune-based Edsom Fintech Pvt Ltd, and cooperative banks. ED traced approximately Rs 150 crore routed via complex transactions, including disguised trade payments and cryptocurrency, with some operations reportedly controlled from Dubai.

Sentiment
46%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (46/100). Lens Score 58/100.

Outlets measured: hindustantimes, freepressjournal. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 18 Oct 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (46/100)

Sentiment was consistent across outlets (45–48/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

freepressjournal broke this story on 17 Oct, 06:36 pm. Other outlets followed.

17 Oct, 06:36 pm2 sources · 8 h18 Oct, 02:27 am
AI analysis by the TBN Bias Engine · beat methodology byDushyant Deshmukh· Investigative Writer· editorial standards byOjas Kale
← Previous
Six Surrendered Militants Arrested for Blocking Tripura National Highway During Festival
Next →
Mumbai Court Rejects Priti Choksi's Plea to Cancel Bailable Warrant in ED Case
1
freepressjournal17 Oct, 06:36 pm
ED Freezes Assets Worth Over 15 Crore In APX Betting Probe; Identifies 182 Cr In APMC-Linked Withdrawals
  • 2
    hindustantimes18 Oct, 02:27 am
    ED raids 20 premises in online betting fraud probe
  • Accountability flags

    TBN's analysis identified the following accountability dimensions in this story.

    • financial irregularity

      This story involves alleged financial misconduct — unexplained transactions, procurement irregularities, or misuse of public/shareholder funds.

    Who's involved

    Institutions and figures named across source coverage.

    Government
    Prevention of Money Laundering ActEnforcement Directorate
    Corporate
    Muslim Cooperative BankS.B. Group of companiesEdsom Fintech Private LimitedEdsom Fintech Pvt LtdNagarbhavi Credit Cooperative Society
    Enforcement
    Enforcement Directorate

    Story context

    Category
    Crime
    Location
    Mumbai, India
    Sources analysed
    2
    Last analysed
    18 Oct 2026
    Key entities
    FintechEnforcement DirectorateMumbaiPuneMoney launderingBangaloreSuratCryptocurrencyCroreIndian rupeeGujaratUnjha