What assets have been attached by the ED in an illegal online gambling case
The Enforcement Directorate (ED) has provisionally attached assets worth over Rs 5 crore in a case related to illegal online betting and gambling. The assets have been attached in the form of bank balances, fixed deposits, and shares.
The ED's investigation began after a Bengaluru Police FIR was registered against several individuals and companies for operating illegal online betting and gambling apps. The ED suspects that the accused laundered the proceeds of their illegal activities through bank accounts and investments in shares.
The attached assets include bank balances of Rs 2.3 crore, fixed deposits of Rs 1.8 crore, and shares worth Rs 80 lakh. The ED has also issued a restraining order on the transfer or disposal of these assets.
The ED's action is a major step in its crackdown on illegal online betting and gambling. The agency has been working closely with law enforcement agencies in other countries to track down and prosecute those involved in these activities.
Here are the details of the assets that have been attached:
- Bank balances: Rs 2.3 crore
- Fixed deposits: Rs 1.8 crore
- Shares: Rs 80 lakh
The ED has issued a restraining order on the transfer or disposal of these assets. The agency is continuing its investigation into the case and expects to attach more assets in the coming days.