illegal online betting case, 24 carat gold bullion weighing 40 kgs worth Rs. 50.33 Crore were seized

ED, Bengaluru has carried out search operations on 09.10.2025 under the provisions of PMLA, 2002 in the case of K C Veerendra and others related to cheating public in illegal online betting case.  During the search, 24 carat gold bullion weighing 40 kgs (approx.) worth Rs. 50.33 Crore were seized from two lockers in Challekere.  Earlier, ED has seized assets worth Rs. 103 Crore in form of around 21kgs gold bars, cash, gold and silver jewellery, bank accounts and high-end vehicles. Total seizure in the case is more than Rs. 150 Crore till date.