Friday, 19 July 2024



LATEST NEWS From crisis to success: Haryana’s power reforms captured in new book 'Wired for Success' Every happiness of life can be met only from mother's education and rituals: Naib Singh Saini Transparent Recruitment Process for Youth in Government Jobs : Nayab Singh Saini 2,405 NDPS Cases Registered in Haryana with 3,562 Arrests; Property Worth Rs. 9.59 Crore Seized Aam Aadmi Party blows election bugle in Haryana; Chief Minister Bhagwant Mann announced Punjab Government's Initiative to Promote Tomato and Red Chili Farming in Fazilka Indian Sports Anchor Mayanti Langer Net Worth, Career, And Lifestyle 2024 | Look at Her Lucrative Career in Sports Broadcasting Civil Hospital will be at par with any private hospital : MP Sanjeev Arora "Tragic Loss: Travel Influencer Aanvi Kamdar Plunges to Death at Kumbhe Waterfalls, Maharashtra" Cricketer Sunil Gavaskar Net Worth, Bio, Career, And Lifestyle 2024 | The Little Master Of Cricket Punjab Police Avert Possible Target Killings With Arrest Of Operative Of Bki-Module; One Pistol Recovered Lt Governor Manoj Sinha inaugurates Kashmir College of Engineering & Technology at Srinagar Lt Governor Manoj Sinha releases Dr Suheel Rasool Mir’s ‘Cultural Encyclopedia of Dard Tribe’ Hardeep Singh Bawa calls on Deputy Chief Minister Mukesh Agnihotri Beyond Diets: Neha Sahaya, Nutrition Consultant’s Holistic Approach To A Healthier You! MLA Kewal Singh Pathania assumes role as Deputy Chief Whip CM Sukhvinder Singh Sukhu calls on Union Health and Family Welfare Minister Jagat Prakash Nadda CM Sukhvinder Singh Sukhu urges Nitin Gadkari to declare Ranital-Kotla, Ghumarwin-Jahu-Sarkaghat roads as National Highways Punjab Police Busts Trans-Border Smuggling Racket VC, Baba Farid graces PUCA’s session on “Healthcare Programs for International Job Opportunities” British Deputy High Commissioner, Chandigarh met Adviser to Administrator, UT Chandigarh Administration at UT Chandigarh Secretariat


ED freezes Rs 3.05 cr of fintech firm involved in app betting

Enforcement Directorate, ED, Illegal Betting Case, Rakesh R Rajdev
Listen to this article

Web Admin

Web Admin

5 Dariya News

New Delhi , 28 Mar 2023

The Enforcement Directorate (ED) on Tuesday said that it has recently carried out searches at a Fintech company involving 150 bank accounts during investigations being conducted related to an illegal betting case against Rakesh R Rajdev and others.

These accounts were involved in the layering of funds received from individual persons who are placing bets through a website "Subsequent to searches, an amount of Rs 3.05 crore lying in these bank accounts has been frozen under the provisions of the Prevention of Money Laundering Act (PMLA)," the official said.

The ED initiated the investigation after recording the ECIR based on the FIR registered by the DCB police station, Ahmedabad, where it was alleged that the accused Rakesh Rajdev and others have opened one bank account in the name of Akash Ojha, using his PAN and Aadhar card, without his knowledge. 

They used that account for transacting Rs 170.70 crore of betting money generated through the betting website "During PMLA investigations, it has been found that the accused are operating through a private communication platform and providing the login ID and password to the persons who want to place bets online. 

This website is providing a platform for placing bets on various types of speculation games such as Teen Patti', Rummy', Andar Bahar', 'Poker' and also on various live games including cricket matches. 

They were asked to deposit money in their accounts for buying credits/coins through online mode and once money is deposited the person can place bets in the website using the login ID and password," the official said.

The proceeds of crime generated through these betting apps were being traced and it has been found that bank accounts in the name of various fictitious entities have been opened for routing and layering of money and after routing through multiple layers, the money is being sent abroad through bogus entities in the guise of imports.


Tags: Enforcement Directorate , ED , Illegal Betting Case , Rakesh R Rajdev



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD