Money laundering act: Cricket News & Match Updates

ED Raids 17 Locations In Parimatch Betting Probe, Seizes Cash And Freezes Rs 3.8 Crore

Mumbai Zonal Office: The Directorate of Enforcement's (ED) Mumbai Zonal Office conducted searches at 17 locations across Maharashtra, Rajasthan, Delhi, Gujarat, Daman and Uttar Pradesh on Tuesday, under the Prevention of Money Laundering Act (PMLA), in connection with an ongoing probe into the Cyprus-based illegal online betting platform Parimatch.

During the raids, the agency seized movable assets worth around Rs 1.56 crore, including cash amounting to nearly Rs 1.2 crore. The ED also froze approximately Rs 3.8 crore lying in various bank accounts. Several incriminating documents and digital devices were recovered during the search operations.

The ED initiated the investigation on the basis of an FIR registered by the Cyber Police Station, Mumbai, against Parimatch.com for allegedly duping users through online betting operations. Read More...

Mumbai Zonal Office Uttar Pradesh Money Laundering Act Cyber Police Station UPI IDs Banking Correspondent Grahak Seva Kendras

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ED Attaches Rs 11.14 Crore Assets Of Suresh Raina And Shikhar Dhawan In 1xBet Case

The Enforcement Directorate: The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth Rs 11.14 crore belonging to former Indian cricketers Suresh Raina and Shikhar Dhawan under the Prevention of Money Laundering Act (PMLA), 2002, in connection with its ongoing probe into the illegal offshore betting platform 1xBet, the agency said on Thursday.

By IANS News • 8 months ago