ED raids company linked to online betting, bank deposits worth Rs 3.05 crore seized
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The probe agency said in a statement that the raids were carried out on Monday at premises linked to the concerned company. The action was taken in connection with a money laundering probe against Rakesh R Rajdev and online portal wolf777.com.
The Enforcement Directorate (ED) on Tuesday said it has seized Rs 3.05 crore from raids at the premises of a financial technology company and its promoters, allegedly involved in illegal online betting and gaming. The probe agency said in a statement that the raids were carried out on Monday at premises linked to the concerned company. The action was taken in connection with a money laundering probe against Rakesh R Rajdev and online portal wolf777.com.
The ED said that during the investigation of the case filed under various sections of the Prevention of Money Laundering Act from an FIR of the Ahmedabad Police, it was found that illegal betting to the tune of Rs 170.7 crore was done through this website. This amount was sent abroad through fake companies in the name of imports after passing through many levels. According to the statement, around 150 bank accounts were used to siphon off the money raised from online betting. After the ED searches, an amount of about Rs 3.05 crore deposited in these accounts has been seized.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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