## Rapido Driver's Account Used as Hawala Conduit for Betting & Market Manipulation
Enforcement Directorate (ED) officials have uncovered a case where a bank account belonging to a Rapido ride-hailing driver, Pradeep Ode, was allegedly being used to route funds linked to illegal activities. The driver, who reportedly earned a salary of Rs 10,000, was found to have transactions worth approximately Rs 300 crore passing through his account. The funds are suspected to be connected to illegal cricket betting operations and stock market manipulation schemes, indicating the account was used as a conduit in a larger hawala network. The investigation highlights how seemingly ordinary accounts can be exploited to move illicit capital, bypassing formal financial channels and regulatory scrutiny. The case points to sophisticated methods of layering and integrating illegal proceeds from gambling and market fraud into the financial system.
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- **Source**: 
- **Sector**: The Vault
- **Tags**: enforcement directorate, illegal activities, financial system, stock market manipulation, illicit capital
- **Credibility**: unverified
- **Published**: 2026-03-06 15:14:48
- **ID**: 2635
- **URL**: https://whisperx.ai/en/intel/2635