The Enforcement Directorate has frozen ₹ 46.96
crore in four bank accounts after raiding 15 locations across Delhi, Gurgaon,
Mumbai and Pune after some companies were allegedly found running illegal
online betting apps linked to China. The chartered accountants of these firms
were also raided, the ED said in a statement.
"Searches were conducted on the registered
offices of the companies, their directors and chartered accountants involved in
illegally running online betting apps from websites which are hosted from
outside India," the ED said.
"During the course of search, ED has
identified multiple bank accounts mostly held with HSBC Bank. Analysis of 2
Bank Accounts of Dokypay Technology Pvt Ltd revealed that in the last year, the
account has seen collection of ₹ 1,268 crore out of
which ₹ 300 crore came via Paytm payment gateway and
around ₹ 600 crore was transferred out via Paytm payment
gateway," the Enforcement Directorate said.
The ED had launched a probe under the Prevention of
Money Laundering Act on First Information Reports (FIRs) filed by the
cybercrime division of Hyderabad Police against Dokypay Technology Pvt Ltd,
Linkyun Technolgy Pvt Ltd and others.
Three accused have been identified as Yan Hao, 24,
manager of Beijing Tomorrow Power Company; Dhiraj Sarkar and Ankit Kapoor.
"During investigation, it is revealed that
with the help of some Indian chartered accountants, some Chinese nationals
floated multiple Indian companies. Initially, dummy Indian directors were used
to incorporate the companies and, after some time, Chinese nationals travelled
to India and took directorship in these companies," the ED said in the
statement.
"Some locals were hired and used to open bank
accounts with HSBC Bank and open trade accounts with online wallets, namely
Paytm, Cashfree, Razorpay, etc. These online wallets had lax due diligence
mechanisms and their non-reporting of suspicious transactions to the regulatory
authorities helped the accused companies to launch pan-India operations,"
the Enforcement Directorate said in the statement.
"Once bank accounts were opened, internet
access credentials were couriered by the Indian employees to China and major
payment instructions came from the beneficial owners who were safely ensconced
in China. Accused companies floated large number of similar looking websites
which were hosted through Cloudfare, USA. These websites attracted gullible
persons to become members and to place bets on various online apps, which
promised attractive rewards on simple games of chance," the probe agency
said.
"Paytm and Cashfree were used to collect money
and pay commission to agent members. Hundreds of websites were created to
promote online betting under the garb of e-commerce. All websites were not
activated daily. Some were activated for placing bets and the information on
daily active websites was shared to members using Telegram groups," the ED
said.
The case comes amid rising tension between India and China over border issues. India has responded with curbing trade with Chinese firms and allowing more room for domestic firms to grow.
Sandip Ginodia , CEO
ALTIUS INVESTECH PVT LTD
We deal in over 60 unlisted companies with 15 years of experience
For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .
Email : ginodiasandip1@gmail.com
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