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— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News

Months after Hyderabad police busted an online betting racket via Chinese gambling Apps; it is soon going to file chargesheet against 4 accused persons.

In connection with the same illegal online betting racket, ED had conducted raids across the country and had frozen bank accounts worth Rupees 46 crores.

Central Crime Station, Hyderabad had also arrested 3 persons in connection with this offence. Hyderabad Police is now going to file chargesheet very soon against these arrested persons for illegal online gambling and betting racket.

The prime accused person is Yah Hao, Chinese national and south-east Asia head of operations for Beijing T Power Company, located in China. Along with Hao, his Indian counterparts, Dheeraj sarkar and Ankit Kapoor are also the prime suspects.

Last week, court had extended the custody of these accused persons till September 29 for further interrogation.

Officials told Times of India that they have frozen almost 200 bank accounts and have seized close to Rupees 80 crores made through this illegal gambling racket. ED had also been investigating the money laundering aspect involved in this racket.

One of the officials told Times of India, “We have gathered evidence by sourcing the contents of the websites, which were involved in online gambling, to prove that the gambling racket was organised. We are in the process of preparing chargesheet”.

It was also reported that over 500 crore Rupess were deposited in Indian bank accounts via various Chinese firms. These bank accounts are more than 30 lakh. Police has seized nearly 200 bank accounts and the money that was debited in these accounts has already been transacted into different bank accounts located in foreign lands.



Source: Chinese gambling and money laundering racket: Hyderabad Police to file chargesheet against 4 accused persons – The Indian Wire

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