ED freezes Rs 46.96 cr of companies working Chinese betting apps


Tribune News Service

New Delhi, August 29

The Enforcement Directorate (ED) at this time mentioned it had frozen

Rs 46.96 crore of corporations concerned in a Chinese on-line betting racket. The company mentioned it carried out searches at 15 areas throughout Delhi, Gurgaon, Mumbai and Pune beneath the provisions of Prevention of Money Laundering Act-2002 (PMLA) within the case associated to unlawful betting.

An ED official mentioned, “Searches were conducted at the registered offices of the companies, their directors and chartered accountants involved in running online betting apps from websites, which are hosted from outside India.”

Modus operandi

Initially, dummy Indian administrators have been used to include the businesses and, after a while, Chinese nationals travelled to India and have become administrators in these corporations

During the course of search, the ED seized 17 onerous disks, 5 laptops, telephones, essential incriminating paperwork and in addition froze Rs 46.96 crore saved in 4 HSBC Bank accounts.

The ED official mentioned the company had initiated investigation beneath the PMLA primarily based on the FIRs lodged by Cyber Crime Station (CCS) of the Hyderabad Police beneath the IPC, Telangana beneath the Gambling Act-2017 and Prize Chits & amp; Money Circulation Scheme Act.

As the FIRs have been registered towards Dokypay Technology Private Limited and Linkyun Technolgy Private Limited, and others, the ED officers mentioned three individuals have been arrested by the state police.

They included 24-year-old Yan Hao (S/o Yan Hongge), working as a supervisor at Beijing Tomorrow Power Company, and is a everlasting resident of Room 1009, West Flourishing street, Haidain di avenue, Beijing, China, and two Indians Dhiraj Sarkar and Ankit Kapoor.

Investigations revealed that with the assistance of some Indian chartered accountants, some Chinese nationals floated a number of Indian corporations. Initially, dummy Indian administrators have been used to include the businesses and, after a while, Chinese nationals travelled to India and took directorship in these corporations, mentioned the ED officers.



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