Odisha’s Economic Offences Wing (EOW) has arrested Jitendra Mallick, a key promoter of the online betting platform , linked to a Rs 1,000 crore fraud.
Mallick, who hails from Ganjam district, was apprehended in Bengaluru on June 4, 2025, and later produced before the Berhampur court.
The arrest follows complaints from over 800 duped investors, alleging deceptive promises of daily compound returns, referral bonuses, and other lucrative incentives. Initially, investors received returns, but as membership surged, payouts ceased, and the platform abruptly shut down.
Investigations reveal that Mallick actively promoted across Odisha, hosting meetings and enrolling new investors. His connections with foreign operators, including Dubai-based Md Saif and the platform’s alleged mastermind George Enzo, have come under scrutiny.
The EOW has so far frozen Rs 1.25 crore in fraudulent accounts while tracing financial transactions amounting to ₹446 crore. Authorities continue their probe, focusing on money laundering networks, shell firms, and key operatives involved in the scam.
As the investigation unfolds, law enforcement warns citizens against falling prey to similar fraudulent investment schemes. The EOW urges victims to report such crimes via their toll-free helpline 18003457103.
