ED Arrests Sagar Dash in All Panel Exchange Online Gaming and Betting Scam; Mumbai Court Grants 3-Day Custody
Mumbai : The Enforcement Directorate (ED), Mumbai, has arrested Sagar Dash in connection with an alleged online gaming and betting scam linked to All Panel Exchange (APX) and related cyber-fraud activities. The arrest was made on October 27, 2026, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
According to the investigation, the case involves alleged illegal financial activities connected with online gaming and betting operations conducted through All Panel Exchange (APX). The platform and its associated activities are also being examined for possible links to cyber-fraud and the movement of suspected proceeds of crime.
The ED’s investigation is focused on uncovering the financial network behind the alleged scam, tracing money generated through the suspected illegal activities and identifying individuals who may have played a role in facilitating or benefiting from these transactions.
Following his arrest, Sagar Dash was produced before the Hon’ble Special Court in Mumbai. After considering the agency’s request for custody, the court remanded him to three days of ED custody to facilitate further investigation.
During the custody period, the ED is expected to question the accused about his alleged role in the online gaming and betting operations, examine financial transactions and investigate possible connections with other individuals involved in the suspected cyber-fraud network.
The arrest marks another significant development in the agency’s efforts to investigate alleged money laundering activities associated with online gaming and betting platforms. The ED is continuing its probe to establish the complete money trail, identify the beneficiaries and determine the wider extent of the alleged financial network.
News Source: Enforcement Directorate (ED) – Official Press Release
