ED lens on Chinese e-gambling racket

In what could be one of its biggest investigations involving laundering of Rs 1,100 crore, the Enforcement Directorate (ED) has begun a probe into Chinese companies resorting to fraudulent online betting, cheating people in India and transferring the proceeds of the crime to China through multi-layered transactions involving cryptocurrency. The firms allegedly laundered Rs 1,100 crore from just two accounts.

from Hyderabad News: Latest Hyderabad News Headlines & Live News Updates from Hyderabad - Times of India https://ift.tt/367jlbr

Comments

Post a Comment

Popular posts from this blog

Hyd rain: Getting rid of flood water proves costly

Image
Over a week after heavy rains lashed the city and flooded several areas, colonies in different parts of the city are still struggling to get rid of the muddy water and sewage that inundated their homes by spending hundreds of rupees every day. from Hyderabad News: Latest Hyderabad News Headlines & Live News Updates from Hyderabad - Times of India https://ift.tt/35zbEK7
Read more