The Enforcement Directorate – ED, has conducted search operations in 13 locations across multiple cities in relation to illegal sale of tickets of upcoming music concerts at various cities in the country. The ED conducted this raid in Delhi, Mumbai, Jaipur, Chandigarh and Bangalore in relation to illegal sale of counterfeit tickets and artificially inflated ticket prices.
It had conducted the raids under the Prevention of Money Laundering Act and seized several incriminating materials including Mobile phones, laptops and sim cards used in the scam during its search operation. The ED highlighted that this action was aimed to investigate the illegal sales of tickets and the financial networks supporting these scams as well as to trace the Proceeds of Crime generated from such illegal activities.
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