ED seizes Rs 50-crore worth gold in fresh raids in betting case involving Karnataka MLA, others
ew Delhi (PTI): The Enforcement Directorate (ED) on Thursday said it has seized about 40 kg of gold worth Rs 50.33 crore during fresh searches in an online betting case that allegedly involves arrested Karnataka Congress MLA K C Veerendra and some others.
The 24-carat gold bullion was recovered from two lockers located in Challakere in Karnataka's Chitradurga district, it said in a statement.
The agency did not disclose the identity of the gold's owner.
The ED had arrested the 50-year-old legislator from the Chitradurga Assembly seat in August. He was held in Sikkim, where he had gone on a business trip to lease a casino. Veerendra is currently in jail under judicial custody, and the ED has called him the "prime accused" in the case.
The federal probe agency had earlier seized assets worth Rs 103 crore in this case in the form of 21 kg gold bars, cash, gold and silver jewellery, deposits kept in bank accounts and luxury vehicles.
It is alleged that Veerendra, in association with other friends and family members, was involved in operations of several "illegal" online betting websites like 'King567' and 'Raja567', among others and "cheated" innocent people.
"The funds collection from players has been routed using several gateways like FonePaisa. The money collected was routed through several mule accounts, which are sourced by these betting operators from intermediaries from all across India," it said.
The probe has found a "nexus" of online betting apps with isolated instances of cybercrime across India, by way of mule accounts created in the name of individuals in exchange for petty sums.
The estimated turnover of these betting applications being "controlled" by Veerendra is more than Rs 2,000 crore, the agency claimed.
It has earlier been claimed that the MLA, his family members and associates booked international travel tickets worth crores of rupees, and these were financed through a network of "mule" accounts linked to proceeds from online betting websites
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PM Modi meets Dutch royals in Netherlands, discusses cooperation in technology, innovation
The Hague (PTI): Prime Minister Narendra Modi on Saturday met King of the Netherlands Willem-Alexander and Queen Maxima at the Royal Palace and discussed close cooperation in digital technology, innovation, fintech and blue economy.
Modi arrived in the Netherlands on Friday - after a brief stopover in the UAE - on the second leg of his five-nation tour that also includes Sweden, Norway and Italy.
"Met His Majesty King Willem-Alexander and Her Majesty Queen Máxima at the Royal Palace. It was wonderful exchanging perspectives on boosting India-Netherlands friendship across key sectors like technology, innovation, sustainable growth, commerce and water resources," PM Modi posted on X after the meeting.
Modi said that India and the Netherlands are "connected by shared interests and a shared belief in building a future-ready planet."
"They discussed the growing partnership between India and the Netherlands," the Ministry of External Affairs spokesperson Randhir Jaiswal posted on X.
"Both sides noted the close cooperation in the areas of sustainability, climate action, digital technology, innovation, fintech and blue economy," he added.
The two sides also expressed commitment towards further strengthening India–Netherlands relations.
Earlier in the day, Modi addressed a gathering of the Indian diaspora in The Hague where he called India a “land of opportunities” undergoing an “unprecedented transformation”.
The PM's visit to the European nation from May 15 to 17 is his second trip to the country after his 2017 visit and comes at what officials described as an "important juncture" in India-Netherlands ties.
India and the Netherlands have significantly expanded cooperation in recent years beyond traditional sectors such as trade, investment and the priority areas of water, agriculture and health.
The partnership has grown in strategic sectors, including technology, innovation, defence, security, semiconductors, renewable energy, education and the maritime domain, the MEA said.
The Netherlands is one of India’s largest trade destinations in Europe, with bilateral trade valued at USD 27.8 billion in 2024-25. It is also India’s fourth-largest investor, with cumulative foreign direct investment amounting to USD 55.6 billion, officials said.
People-to-people ties remain a key pillar of the bilateral relationship.
Later on Saturday, Modi is scheduled to meet his Dutch counterpart Rob Jetten.
