ED Attaches ₹117.41 Crore Assets of Probo Media Technologies in Online Gambling Case

The Enforcement Directorate’s Gurugram Zonal Office has provisionally attached movable and immovable assets worth ₹117.41 crore belonging to M/s Probo Media Technologies Pvt. Ltd. under the Prevention of Money Laundering Act, 2002. The action forms part of an ongoing investigation into alleged online gambling activities carried out through the company’s popular platform, “Probo”.

The attached assets include fixed deposits, share investments, demand drafts, bank balances, and residential apartments held not only in the company’s name but also in the names of family members of its directors. The attachment order was issued on December 9, 2025, following detailed financial analysis of the company’s revenue streams.

According to the ED, Probo Media Technologies operated a betting-based system under the guise of online skill gaming. Users were allegedly induced to participate in so-called “yes or no” prediction games that were projected as lawful gaming activities but, in substance, functioned as gambling mechanisms designed to generate consistent losses for participants.

The probe was initiated on the basis of multiple FIRs registered in Haryana and Uttar Pradesh under provisions of the Bharatiya Nyaya Sanhita, 2023 and the Public Gambling Act, 1867. Complaints alleged that the platform misrepresented its business model, creating a false impression of legality while earning massive illegal profits.

Investigators concluded that the company generated proceeds of crime amounting to approximately ₹1,245.64 crore. These funds were routed through layered financial channels and subsequently parked in fixed deposits, equity investments and real estate assets to disguise their origin.

Earlier search operations conducted on July 8 and 9, 2025 led to the freezing of investments worth ₹284.5 crore under Section 17(1)(a) of the PMLA. The ED stated that these investments were directly linked to revenues earned from illegal gambling activities.

The investigation has also expanded to include scrutiny of assets held by the directors’ family members. Officials are examining whether these relatives knowingly assisted in the concealment or layering of illicit funds through property purchases and financial instruments.

The company reportedly ceased operations in August 2025 after the enactment of the Promotion and Regulation of Online Gaming Act, 2025, which significantly tightened regulatory oversight of digital gaming platforms. Enforcement officials view the case as a landmark action under the new framework, signalling stricter scrutiny of platforms that blur the line between gaming and gambling.

Experts note that large-scale digital platforms handling public money often collapse under regulatory action due to weak internal controls, opaque revenue reporting and lack of independent verification. This is precisely why strong financial oversight mechanisms, such as auditing services in india play a critical role in identifying compliance gaps and preventing regulatory violations before they escalate into criminal proceedings.

The ED has confirmed that further investigation is underway to trace additional assets, identify financial beneficiaries and examine any offshore or intermediary payment structures connected to the Probo network.