ED Raids Dream11, Co-founder's Premises in ₹2,434-Cr Jai Corp Money Laundering Probe

• ED conducted nationwide raids, including Dream11's office and co-founder Bhavit Sheth's premises.
• The raids are part of a ₹2,434-crore money laundering investigation linked to Jai Corp Limited and its director Anand Jaikumar Jain.
• Investigators are probing suspected financial links between Jai Corp, Dream Sports (Dream11's parent), and Bhavit Sheth.
• The case stems from a CBI FIR, ordered by the Bombay High Court, into alleged large-scale financial irregularities and public fund misuse.
• ED is tracing the money trail to identify proceeds of crime and Dream11's financial exposure in the alleged fraud.

Why It Matters: ED probes Dream11's links to ₹2,434-crore Jai Corp money laundering case, raiding offices.