Enforcement probe into Rs 1,000 crore illegal betting transactions by Chinese op

Started by devikad, Sep 23, 2020, 11:29 PM

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Enforcement probe into Rs 1,000 crore illegal betting transactions by Chinese operators

The Directorate of Enforcement has said it is investigating key beneficiaries of illegal betting transactions worth Rs 1,000 crore by making payments through BDM and HSBC bank accounts operated by Chinese using banned processors.

In the investigation against these banned Chinese processors operating illegally in India, the relevant websites also acted as 'fee coordinators for many technologies that have been banned for technical security and data theft activities banned by the Google Play Store.

On September 15, the Enforcement Division arrested Yan Hao, a Chinese national, and two of his Indian accomplices (Droj Sarkar and Ankit Kapoor) in connection with an online betting and money laundering case.

A special anti-money laundering court in Hyderabad has remanded a Chinese man and two others in custody for eight days.

An investigation is underway to identify key beneficiaries making payments from BDM and HSBC bank accounts. The summons has been issued to various persons, including the Chinese who are the directors of the company, "the enforcement department said.

The Chinese used two companies, Tokyo Technology and Lingyun Technology, in online betting scams. These companies were behind a lot of websites.

Earlier, the enforcement unit conducted raids at 15 locations in Delhi, Gurgaon, Mumbai and Pune, resulting in the seizure of 17 hard disks, five laptops, phones and important documents. Enforcement has also frozen Rs 47 crore in four accounts in HSBC Bank.

Sources by: Daily Thanthi

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