The Enforcement Directorate (ED) has filed a chargesheet against alleged members of a group running illegal dabba trading and online betting operations in Indore, Mumbai, Ahmedabad, Chennai, and Dubai. The investigation, based on an FIR from Indore police and a Mumbai police case under the Maharashtra Gambling Prohibition Act, revealed a rigged trading system using fake platforms. "Investigation has revealed the existence of a technologically manipulated ecosystem involving rigged trading platforms, unlawful betting websites, and a cross-border laundering mechanism," the ED said. Vishal Agnihotri is named as the main operator. He was helped by Tarun Shrivastava, who managed daily finances and mule accounts. Srinivasan Ramasamy set up manipulated MT5 servers to fake trading results. Meanwhile, Dhaval Devraj Jain ran the underground platform LotusBook247. Dharmesh Rajnikant Trivedi controlled the offshore firm iBull Capital. Nidhi Chandnani helped move and layer money through Dubai-based firms. Clients were shown fake trades on platforms like V Money and 8Stock Height, which had no links to official stock exchanges. Betting sites such as LotusBook247 and 11Starss operated secretly using anonymous accounts, encrypted chats, and cash settlements. The ED found proceeds of crime worth ₹404.46 crore from these fake trading and betting platforms. They have attached assets worth ₹34.26 crore. During searches, ED seized ₹5.21 crore cash, 59.9 kg silver bars, a 100-g gold bar, jewellery worth ₹1.94 crore, luxury watches valued at ₹4.77 crore, and frozen cryptocurrency exceeding ₹41 lakh. The ED warned the public to check that trading platforms are registered with the Securities and Exchange Board of India (SEBI). "Unregulated dabba trading apps do not provide legal protection and often cause financial loss," the agency said. It advised people to avoid platforms using unverified MT5 servers designed to manipulate results. On illegal betting, the ED said, "Illegal betting websites expose users to legal risks, misuse of personal data, and large financial fraud. People should never let others use their bank accounts since mule accounts are used for laundering money. Account holders can be held liable under the Prevention of Money Laundering Act (PMLA)." The ED urged everyone to report any illegal activity to authorities immediately.