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.

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