Enforcement Enforcement Directorate
ED arrests Ramdhani over online gaming scam linked to APX
This is a press release issued by the Directorate of Enforcement (ED), Mumbai Zonal Office, announcing the arrest of Ram U.
Ramdhani under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an investigation into online gaming and cyber-fraud scams. It matters to citizens as it details the enforcement action against a fintech entity alleged to have facilitated the laundering of funds from various frauds.
Who it concerns: Ram U. Ramdhani (founder and controller of Edsom Fintech Pvt. Ltd.), the Directorate of Enforcement (ED), the Hon’ble Special Court (PMLA) Mumbai, complainants defrauded of crores of rupees, and the general public affected by online gaming, betting, and cyber-fraud activities.
What the ED says it did
- Ram U. Ramdhani was arrested on 28.09.2026 under the PMLA, 2002.
- The arrest is linked to an investigation into an online gaming/betting scam operated through All Panel Exchange (APX) and related cyber-fraud activities.
- The Hon’ble Special Court (PMLA), Mumbai, remanded him to ED custody for 7 days and subsequently to Judicial Custody.
- The investigation was initiated based on two FIRs regarding online gaming/betting and cyber frauds where complainants suffered losses of crores of rupees.
- Funds were routed through multiple mule accounts and transferred to Edsom Fintech Pvt. Ltd., which was founded and controlled by Ram U. Ramdhani.
- Edsom Fintech's bank accounts were linked to cybercrime activities including online gaming, investment fraud, online task fraud, digital arrest, and crypto/USDT-related frauds.
- Funds amounting to hundreds of crores were routed and layered through Edsom Fintech Pvt. Ltd. bank accounts.
- Edsom Fintech provided PayIn/PayOut services through payment gateways (Easebuzz, Cashfree, PineLabs) and bank channels (Muslim Cooperative Bank).
- ED conducted searches in Pune, Mumbai, and Bengaluru, recovering incriminating documents and freezing approximately 60 Lakhs in bank accounts.
Also in the document
- The ED stated that evidence indicates Ram U. Ramdhani exercised management and control over Edsom Fintech's business activities and operations.
- The investigation involved detailed analysis of bank transactions, statements recorded under PMLA, and documentary and digital evidence.
- The ED stated that further investigation is under progress.
How this was written
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The original document
Enforcement Directorate — Attachments, arrests and prosecution complaints under PMLA and FEMA
Press release · Ref. 065075fbf1c0518e · 6 Oct 2026
Read it here
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