In a significant development that has sent shockwaves through India's fintech and transportation sectors, popular bike taxi aggregator Rapido has officially denied any involvement after the Enforcement Directorate discovered a massive ₹331 crore money trail linked to one of its drivers.
The Accidental Discovery
The startling revelation came to light when ED officials stumbled upon the Rapido bike taxi driver during their ongoing investigation into the 1xbet online betting-linked money laundering case. The discovery was made on November 29, 2025, marking one of the largest individual account transactions ever uncovered in such probes.
Rapido's Immediate Response
Following the ED's discovery, Rapido moved quickly to distance itself from the controversy. The company issued a formal statement emphasizing that it had no connection whatsoever with the substantial funds found in the driver's account. Company representatives stressed that Rapido operates as a technology platform connecting riders with drivers and maintains strict protocols against any financial irregularities.
The ₹331 crore amount found in a single driver's account has raised serious questions about the monitoring mechanisms within the digital payment ecosystem. Financial experts note that such a large sum passing through an individual account without detection indicates potential gaps in the financial surveillance system.
Larger Investigation Context
This discovery forms part of the broader ED investigation into the 1xbet online betting operation, which has been under scrutiny for alleged money laundering activities. The betting platform, which has been operating in regulatory grey areas, is suspected of moving substantial amounts of money through various channels, including seemingly legitimate business accounts.
Industry analysts suggest that the use of ride-hailing service providers' accounts could represent a new method for disguising illicit fund movements. The sheer scale of the ₹331 crore transaction has prompted authorities to examine whether this represents an isolated incident or points to a larger pattern within the gig economy ecosystem.
The Enforcement Directorate continues to expand its investigation, examining transaction patterns and digital footprints to determine the origin and destination of the massive funds. Meanwhile, Rapido has pledged full cooperation with investigating agencies while maintaining its position of non-involvement in the financial transactions under scrutiny.
