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		<title>BCCI&#8217;s deal of crores with Dream11 Online gaming bill created outcry</title>
		<link>https://fastnewsglobe.com/bccis-deal-of-crores-with-dream11-online-gaming-bill-created-outcry/</link>
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		<pubDate>Fri, 22 Aug 2025 17:51:02 +0000</pubDate>
				<category><![CDATA[Lastest News]]></category>
		<category><![CDATA[Bcci]]></category>
		<category><![CDATA[Dream 11]]></category>
		<category><![CDATA[Dream11 Bcci Contract]]></category>
		<category><![CDATA[Dream11 Bcci Deal]]></category>
		<category><![CDATA[Dream11 bcci sponsorship]]></category>
		<category><![CDATA[Dream11 Bcci Team India]]></category>
		<category><![CDATA[Dream11 Contract with Bcci Price]]></category>
		<category><![CDATA[Dream11 Net Worth]]></category>
		<category><![CDATA[Dream11 News]]></category>
		<category><![CDATA[Dream11 Online Gaming Bill]]></category>
		<category><![CDATA[Dream11 Paid Bcci]]></category>
		<category><![CDATA[Dream11 pay bcci]]></category>
		<category><![CDATA[Dream11 Sponsor Indian Cricket Team]]></category>
		<category><![CDATA[Dream11 Sponsor Team India Price]]></category>
		<category><![CDATA[online gaming]]></category>
		<category><![CDATA[Online Gaming Bill]]></category>
		<category><![CDATA[What is Bcci Deal with Dream11]]></category>
		<category><![CDATA[What is the net worth of dream11]]></category>
		<category><![CDATA[When Did Dream11 Ban in India]]></category>
		<guid isPermaLink="false">https://fastnewsglobe.com/bccis-deal-of-crores-with-dream11-online-gaming-bill-created-outcry/</guid>

					<description><![CDATA[<p>The new online gaming bill (Online Gaming Bill 2025) brought by the Government of India...</p>
<p>The post <a href="https://fastnewsglobe.com/bccis-deal-of-crores-with-dream11-online-gaming-bill-created-outcry/">BCCI&#8217;s deal of crores with Dream11 Online gaming bill created outcry</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
]]></description>
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<p style="text-align: justify;">The new online gaming bill (Online Gaming Bill 2025) brought by the Government of India has now got the form of law. The most impact of this is seen falling on online gaming platform Dream 11 (Dream11 Online Gaming Bill). This is the same company, whose logo has been seen printed on Team India&#8217;s jersey since the year 2023. On one hand, law has been made on online gaming, in such a situation, what will happen to the deal of Dream 11 and BCCI and how many crores of rupees were there among them.</p>
<p style="text-align: justify;">BCCI Secretary Devjit Saikia has made it clear that the board fully supports this new law. Let us know that this new law made on online gaming will affect all those platforms in which real money transactions are there. Dream11 also comes in these, which is currently the title sponsor of Team India.</p>
<h4 style="text-align: justify;">How many crores were the deal?</h4>
<p style="text-align: justify;">According to media reports, from July 2023 to March 2026, Dream 11 gave an amount of Rs 358 crore to BCCI. The deal will end after the 2026 T20 World Cup. If the company has to stop all its operations in India, then it will be obviously difficult to continue its deal with BCCI for Dream 11.</p>
<p style="text-align: justify;">This is not the first time that a title sponsor of Team India seems to be in trouble. Earlier, Sahara, Bayju to Oppo and Star India have also struggled with financial crisis. The brand value of Dream 11 is estimated at $ 8 billion and India&#8217;s $ 3.8 billion is a very big name in Dream11. By being bankrupt, the Bayju company had to finish the deal with BCCI ahead of time.</p>
<p style="text-align: justify;"><strong>Also read:</strong></p>
<p style="text-align: justify;"><strong>Hospital discharged from 3 pm, Sanju Samson was seen playing in the field after four hours; You will catch the whole matter</strong></p>
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<p><a href="https://www.abplive.com/sports/cricket/dream11-deal-with-bcci-worth-358-crores-may-end-after-online-gaming-bill-passed-dream11-bcci-news-2999974" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/bccis-deal-of-crores-with-dream11-online-gaming-bill-created-outcry/">BCCI&#8217;s deal of crores with Dream11 Online gaming bill created outcry</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<title>So this is the black truth of online gaming &#8230; Youth of the country being wasted, 20000 crores are losing every year</title>
		<link>https://fastnewsglobe.com/so-this-is-the-black-truth-of-online-gaming-youth-of-the-country-being-wasted-20000-crores-are-losing-every-year/</link>
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		<pubDate>Fri, 22 Aug 2025 07:39:17 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[online gaming]]></category>
		<category><![CDATA[Online Gaming Bill]]></category>
		<guid isPermaLink="false">https://fastnewsglobe.com/so-this-is-the-black-truth-of-online-gaming-youth-of-the-country-being-wasted-20000-crores-are-losing-every-year/</guid>

					<description><![CDATA[<p>Online Gaming: After the Lok Sabha, the online bill was passed in Rajya Sabha on...</p>
<p>The post <a href="https://fastnewsglobe.com/so-this-is-the-black-truth-of-online-gaming-youth-of-the-country-being-wasted-20000-crores-are-losing-every-year/">So this is the black truth of online gaming &#8230; Youth of the country being wasted, 20000 crores are losing every year</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<div id="article-hstick-inner">
<p style="text-align: justify;"><strong>Online Gaming: </strong>After the Lok Sabha, the online bill was passed in Rajya Sabha on Thursday. Now a law will be made on this. In the last few years, the scope of online gaming has increased so much that the youth of the country are being ruined due to it, losing their millions of rupees. The government estimates that about 45 crore people lose around Rs 20,000 crore every year in online real-mani gaming. </p>
<h3 style="text-align: justify;">People being wasted in online gaming affair </h3>
<p style="text-align: justify;">According to sources, the government believes that online real-meri gaming is becoming &#8216;a big problem for society&#8217;. Even though the revenue received by the government will be damaged, instead of the interest of the citizens of its country, priority was given. There is a rough estimate that every year 45 crore people lose money by getting stuck in it. The total effect of this loss is estimated to be around Rs 20,000 crore.</p>
<p style="text-align: justify;">This was said during the introduction of online gaming promotion and regulation Bill, 2025 in the Lok Sabha. During this time, every MP expressed concern about the bad impact of real-mani gaming and the government has chosen social welfare between revenue and social welfare coming from one-third of the industry. </p>
<h3 style="text-align: justify;">E-spores promoted in bill </h3>
<p style="text-align: justify;">The bill proposes to promote e-Sports and online social gaming, while it has been said to ban gaming from money. , The source said, &#8220;A budget will be prepared for this and there will be plans and authority for their promotion. E-sports and online social gaming are two-thirds of this entire industry. This will create employment opportunities in the online gaming industry. </p>
<h3 style="text-align: justify;">Turban action on violation of law </h3>
<p style="text-align: justify;">Under this bill, action will be taken mainly by the state governments against companies involved in money gaming. Anyone who operates online money gaming by violating the law can be imprisoned for up to three years or a fine of up to Rs 1 crore or both. There is a provision of imprisonment of up to two years /or fine of up to Rs 50 lakh to those who violate the rules, or both. </p>
<h3>Crores of rupees immersed by investors </h3>
<p style="text-align: justify;">Here, as soon as the online bill passed in both houses, there was a stir in the gaming industry. The shares of listed companies of this sector recorded a huge decline. Due to this, crores of rupees of investors were destroyed. In the last two days, there has been a decline of 14 percent in shares of view technologies. Onmobile Global shares have declined by 3 percent and data corp shares also slipped to 2 percent. </p>
</p>
<p><strong>Also read: </strong></p>
<p class="abp-article-title"><strong>Online gaming bill fell on Dream 11, company preparing to cover business!</strong></p>
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		<title>Will Dream11 and My11Circle play stop? These platforms are threatened by online gaming bill</title>
		<link>https://fastnewsglobe.com/will-dream11-and-my11circle-play-stop-these-platforms-are-threatened-by-online-gaming-bill/</link>
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		<pubDate>Thu, 21 Aug 2025 02:49:15 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Dream11]]></category>
		<category><![CDATA[My11circle]]></category>
		<category><![CDATA[online gaming]]></category>
		<category><![CDATA[Online Gaming Bill]]></category>
		<category><![CDATA[Online Money Gaming]]></category>
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					<description><![CDATA[<p>Online Gaming: On Wednesday, the online gaming promotion and regulation Bill 2025 was passed in...</p>
<p>The post <a href="https://fastnewsglobe.com/will-dream11-and-my11circle-play-stop-these-platforms-are-threatened-by-online-gaming-bill/">Will Dream11 and My11Circle play stop? These platforms are threatened by online gaming bill</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<div id="article-hstick-inner">
<p style="text-align: justify;"><strong>Online Gaming: </strong>On Wednesday, the online gaming promotion and regulation Bill 2025 was passed in the Lok Sabha. It is proposed to ban Real Money Games (RMGS). Real Money Games call him, where players deposit a lot of money in the hope of winning the rewards. The bill also said that online money games and advertisements promoting them should also be banned.</p>
<h3 style="text-align: justify;">This is the purpose of online gaming bill</h3>
<p style="text-align: justify;">The aim of the government is to promote betting under the guise of online gaming and tighten the companies involved in gambling. However, due to this, there are many Indian apps and gaming platforms prepared in real money format. This bill has passed in the Lok Sabha. Now it will be sent to Rajya Sabha for voting and debate. After this, the online gaming bill 2025 law can be made with the approval of the President. Let us see which Indian gaming apps will affect this online gaming bill. </p>
<p style="text-align: justify;"><strong>Dream11-</strong> This is a fantasy sports platform, in which the user has to form its virtual team. In cricket, there are 11-11 total 22 players in cricket. Out of these 22 players, 11 players have to be selected and a team has to be formed.</p>
<p style="text-align: justify;">Now during the real match, the player who performs like the player, the points are made accordingly. Finally, the one who has the most points wins the contest. It has been downloaded by more than 100 million people on Google Play Store and its rating is 4.5/5 stars.</p>
<p style="text-align: justify;">During events like IPL, it flourishes and flourishes. One of India&#8217;s largest RMG platforms is also in crisis at the existence of Dream 11 as the bill refers to the ban on fantasy gaming apps running on &#8216;subscription model&#8217;, which contain money transactions. </p>
<p><strong>My11Circle-</strong> This is also a fantasy sports app like Dream 11. In this too, users form teams and during the live match, the team scores the points on the basis of the players&#8217; performance. If your team makes more points than the team formed by others, then your rank increases and you get a reward. This one </p>
<p style="text-align: justify;">If your team makes more points than the team formed by other people, then your rank increases and you can win the money. This is a skill based gaming app. That is, if you know about sports like cricket, football and kabaddi or their players, then you can win a cash prize on My11CIRCLE.</p>
<p style="text-align: justify;">It has 5 crores downloads on Google Play Store and has a rating of 4.3/5 stars. Since My11Circle&#8217;s business model is also similar to Dream 11. That is, it also costs entry fees and cash prizes are given, so with the enactment of law on the online bill, it will also be declared illegal, which can shut down the platform. </p>
<p style="text-align: justify;"><strong>Winzo-</strong> This is a multi-game platform created by the tickets skills games. It is also based on real-money format. It gets a chance to win a cash reward by joining the contest through its card games, casual games and quiz. Winzo Ludo: Play Ludo Online game has more than 50 million downloads on Google Play Store and its rating is 4.1/5 stars. </p>
<p style="text-align: justify;">Apart from these, howzat &#8211; Fantasy Cricket App, SG11 Fantasy, Junglee Games (Junglee Rummy, Junglee Poker), Games24x7 (My11CIRCLE, Rummycircle), Pokerbaazi, Nazara Technologies, The alarm bell is also hanging on gaming platforms like Gameskraft and MyTeam11. </p>
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<p><a href="https://www.abplive.com/business/will-dream11-and-my11circle-play-be-stopped-these-platforms-are-at-risk-from-the-online-gaming-bill-2998938" target="_blank" rel="noopener">Source link </a></p>
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		<title>2 lakh jobs at stake &#8230; Online gaming bill flew down gaming companies, pleading for help from Amit Shah</title>
		<link>https://fastnewsglobe.com/2-lakh-jobs-at-stake-online-gaming-bill-flew-down-gaming-companies-pleading-for-help-from-amit-shah/</link>
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		<pubDate>Wed, 20 Aug 2025 11:49:45 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Business news]]></category>
		<category><![CDATA[Online game]]></category>
		<category><![CDATA[online gaming]]></category>
		<category><![CDATA[Online Gaming Bill]]></category>
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					<description><![CDATA[<p>Online Gaming: The online gaming bill has recently been approved by the cabinet. Its purpose...</p>
<p>The post <a href="https://fastnewsglobe.com/2-lakh-jobs-at-stake-online-gaming-bill-flew-down-gaming-companies-pleading-for-help-from-amit-shah/">2 lakh jobs at stake &#8230; Online gaming bill flew down gaming companies, pleading for help from Amit Shah</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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										<content:encoded><![CDATA[<p></p>
<div id="article-hstick-inner">
<p style="text-align: justify;"><strong>Online Gaming: </strong>The online gaming bill has recently been approved by the cabinet. Its purpose is to curb such platforms, which promote online betting and gambling. Through this bill, the government wants to curb the betting apps.</p>
<p style="text-align: justify;">This step of the government has blown the sleep of online gaming companies. The All India Gaming Federation (Aigf), E-Gaming Federation (EGF) and Federation of Indian Fantasy Sports (FIFs) have written a letter to Union Home Minister Amit Shah and demanded to intervene on the bill. </p>
<h3 style="text-align: justify;">Online gaming bill alarm bell </h3>
<p style="text-align: justify;">The big officials associated with this industry have also requested to hold an immediate meeting with the government. He says that if the bill passes, then it will cause a lot of damage to Indian users.</p>
<p style="text-align: justify;">According to the report of The Financial Express, Aigf has argued that this will make gamers in the number of crores of illegal betting platforms and operators. Apart from this, it is not less than a danger bell for this fast growing industry, which gives employment to crores of people. Fedshen says that the online gaming industry can also support PM Modi&#8217;s 1 trillion digital economy. </p>
<h3 style="text-align: justify;">Lakhs of jobs at stake </h3>
<p style="text-align: justify;">In the letter written to the government, it has also said that by closing the regulated and responsible Indian platforms, millions of players will start using illegal matka network and foreign gambling websites. The security of users will go into the hands of illegal operators who work without any safety measures and taxation. </p>
<p style="text-align: justify;">Experts associated with the industry have also warned that it can pose a threat to 4 lakh companies, 2 lakh jobs, investment of 25000 crores and GST collection of 20000 crores annually. In this bill, online gaming platforms are being brought under a legal framework and fine on betting through digital apps.</p>
<p style="text-align: justify;">According to the gaming federation, online skill gaming is a rapidly emerging sector, which has more valuations and revenue is also more than 31,000 crores. With this, the government also gets a tax of Rs 20,000 crore annually. In the coming time, 20 percent of this sector is expected to grow from Cagr and it can be doubled by 2028. The total number of online gamers in the country has increased from 36 crores in 2020 to more than 50 crores in 2024. </p>
<p style="text-align: justify;">Under this new rule, the ads of betting apps will be completely banned on all digital and media platforms. Apart from this, strict legal action has also been taken against the celebrities and influencers promoting the gaming app. </p>
<p style="text-align: justify;">
<p style="text-align: justify;"><strong>Also read: </strong></p>
<p class="abp-article-title" style="text-align: justify;"><strong>Mumbai businessman trapped in online gaming trap, lost 12 crores in the hope of victory</strong></p>
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		<title>Mumbai businessman trapped in online gaming trap, lost 12 crores in the hope of victory</title>
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		<pubDate>Tue, 19 Aug 2025 10:19:42 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Online Betting]]></category>
		<category><![CDATA[Online fraud]]></category>
		<category><![CDATA[online gaming]]></category>
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					<description><![CDATA[<p>Online Gaming: Every glowing thing is not gold, despite knowing this saying, we sometimes do...</p>
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<p style="text-align: justify;"><strong>Online Gaming: </strong>Every glowing thing is not gold, despite knowing this saying, we sometimes do our own harm by getting trapped in the trap of breathtaking from far away. Something similar happened with a Mumbai businessman. During the Corona lockdown in 2020, he looked at such a gaming app, which celebrities were promoting a lot at that time. Since during that time, the businessman thought of trying his hand in it. When he won in the beginning on the Parimatch app, his courage grew.</p>
<h3 style="text-align: justify;">Loss of 12 crores in four years </h3>
<p style="text-align: justify;">However, the situation started changing as time has passed. Now he was not getting as much victory earlier. He started getting upset. Alam was that he lost Rs 12 crore during these four years. A mountain of troubles broke on a businessman already surrounded by financial crisis, when his parents suffered one heart attack after another within a year and he slowly went into depression. </p>
<h3 style="text-align: justify;">Online gaming addiction is no less than alcohol </h3>
<p style="text-align: justify;">Gaming addiction is nothing short of alcohol. It has as much effect on the brain as drugs. According to the Times of India report, psychiatrist Dr. Avinash Desusa says, the first person wants him to win every time. If the game is connected to money, then the desire to win increases even more. Later, there are difficulties and gamers lose money. However, they keep investing in the hope that they will win as before. They have three to four new gaming addiction patients every week.</p>
<h3 style="text-align: justify;">App operator has no place in India</h3>
<p style="text-align: justify;">Dr. Dosususa says that once the patient is released, many times again, this addiction is caught, which takes both time and hard work to recover. The businessman of Mumbai also started to understand for years that he too has been trapped in a situation like &#8216;Digital Arrest&#8217;. In 2024, he took consciousness and then went and filed a case of fraud against the app operator who has no place in India and who works illegally. </p>
<h3 style="text-align: justify;"> How did it expose? </h3>
<p style="text-align: justify;">Describing his tragedy, he said that he won millions of rupees in the beginning. Later, when tried to withdraw the amount in the victory in cash, the app refused. He was told that this is happening due to problems in KYC. After a few days, money will be transferred to another account. Meanwhile, he was encouraged to keep playing further by filling money in an account, which used to change every time. </p>
<p style="text-align: justify;">He said, initially when I used to put a small amount, I was given a UPI number to deposit the money. Then when I started paying a huge amount, the operators started giving me a mule account for transfer. This network of fraud was revealed in front of him. When he inquired about the account details given to deposit about 25 lakh rupees. </p>
<p style="text-align: justify;">Then he asked a private bank in Aurangabad about his deposit of Rs 25 lakh, then he got a delayed reply. After this, he received a call from the app operator for an agreement. He suspected that the bank would have informed the app operator who runs the fake account about his inquiry. He also got a mail, in which the sender who sent him told himself to the Ministry of Home Affairs and said that he will be returned all his money in a war of Rs 10 lakh. He also sent all the transaction details done earlier. When he inquired about this in the post office, it was found that he is a fake ID. </p>
</p>
<p><strong>Also read: </strong></p>
<p class="abp-article-title"><strong>The purchase of crude oil will continue from Russia, Indian Oil decided amidst the threat of American tariff</strong></p>
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<p><a href="https://www.abplive.com/business/mumbai-businessman-badly-trapped-in-the-trap-of-online-gaming-lost-rs-12-crore-in-the-hope-of-winning-2998044" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/mumbai-businessman-trapped-in-online-gaming-trap-lost-12-crores-in-the-hope-of-victory/">Mumbai businessman trapped in online gaming trap, lost 12 crores in the hope of victory</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<title>Google and Meta have increased difficulties, ED summoned, know what is the whole matter</title>
		<link>https://fastnewsglobe.com/google-and-meta-have-increased-difficulties-ed-summoned-know-what-is-the-whole-matter/</link>
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		<pubDate>Sat, 19 Jul 2025 07:16:19 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Betting Apps Investigation]]></category>
		<category><![CDATA[Dabba Trading]]></category>
		<category><![CDATA[Enforcement Directorate]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Google meta summons]]></category>
		<category><![CDATA[Hawala Operators]]></category>
		<category><![CDATA[Illegal Betting]]></category>
		<category><![CDATA[Money laundering]]></category>
		<category><![CDATA[online gaming]]></category>
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					<description><![CDATA[<p>Ed Summons to Google-Meta: The difficulties of Google and Meta, the famous tech sector company,...</p>
<p>The post <a href="https://fastnewsglobe.com/google-and-meta-have-increased-difficulties-ed-summoned-know-what-is-the-whole-matter/">Google and Meta have increased difficulties, ED summoned, know what is the whole matter</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;"><strong>Ed Summons to Google-Meta:</strong>  The difficulties of Google and Meta, the famous tech sector company, are going to increase. The Enforcement Directorate has sent a notice to Google and Meta in the case of money laundering related to the betting application. The Economic Times has quoted its sources as saying that the ED has asked the representatives of both companies to appear at the headquarters in Delhi on 21 July.</p>
<p style="text-align: justify;">It is alleged that Google and Meta platforms are promoting the betting app through science and users are increasing their reach. Now the investigating agency is trying to investigate the possible violations of the Prevention of Money Laundering X (PMLA), how the work of promoting illegal apps was being done by digital platforms.</p>
<p style="text-align: justify;">Also read: Can India keep purchasing oil from Russia after Trump&#8217;s threat to apply 100% tariff?</p>
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<p><a href="https://www.abplive.com/business/enforcement-directorate-summons-tech-giants-google-and-meta-on-app-case-2981821" target="_blank" rel="noopener">Source link </a></p>
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		<title>DGGI Takes Major Action Against Offshore Online Gaming Companies 357 Websites and 2400 Bank Accounts Blocked 126 Crore Frozen</title>
		<link>https://fastnewsglobe.com/dggi-takes-major-action-against-offshore-online-gaming-companies-357-websites-and-2400-bank-accounts-blocked-126-crore-frozen/</link>
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		<pubDate>Sun, 23 Mar 2025 09:21:01 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Abhi247 Online Money Gaming Platform]]></category>
		<category><![CDATA[Business news]]></category>
		<category><![CDATA[Dggi]]></category>
		<category><![CDATA[Gaming company]]></category>
		<category><![CDATA[Mahakaal Online Money Gaming Platform]]></category>
		<category><![CDATA[online gaming]]></category>
		<category><![CDATA[Online Gaming Website]]></category>
		<category><![CDATA[Satguru online money gaming platform]]></category>
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					<description><![CDATA[<p>Online gaming sites blocked: The government has taken big action against online gaming to prevent...</p>
<p>The post <a href="https://fastnewsglobe.com/dggi-takes-major-action-against-offshore-online-gaming-companies-357-websites-and-2400-bank-accounts-blocked-126-crore-frozen/">DGGI Takes Major Action Against Offshore Online Gaming Companies 357 Websites and 2400 Bank Accounts Blocked 126 Crore Frozen</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p class="text-xl sm:text-[25px] font-semibold px-5 lg:p-0" style="text-align: justify;"><strong>Online gaming sites blocked:</strong> The government has taken big action against online gaming to prevent tax evasion. GST intelligence officials have blocked 357 websites/URLs of illegal online gaming companies from abroad as well as about 2400 bank accounts. Not only this, about 126 crore rupees have also been freezed. </p>
<h3 class="text-xl sm:text-[25px] font-semibold px-5 lg:p-0" style="text-align: justify;">Gaming companies are doing tax evasion</h3>
<p style="text-align: justify;">According to the information given by the Finance Ministry on Saturday, there are 700 foreign operators in the e-shaking segment under the scope of DGGI investigation. DGGI has found in the investigation that these gaming companies are stealing tax by not registering GST. Along with this, DGGI officials have also conducted their operation against some Indian citizens who are running online money gaming platforms outside the country. </p>
<h3 style="text-align: justify;">3 arrests so far</h3>
<p style="text-align: justify;">According to the disclosure in the investigation, these people are providing online gaming facilities to the people of India through many online gaming platforms like Satguru online money gaming platform, Mahakal online money gaming platform and Abhi 247 online and are using mulle bank accounts to collect money from them.</p>
<p style="text-align: justify;">The mule bank account is bank accounts that are used to hide the money received from cyber fraud or fraudulent activities. DGGI has so far blocked 166 such mule accounts associated with these platforms. Three people have also been arrested in this case so far. More such people are being searched. </p>
<h3 style="text-align: justify;">Big stars do promot</h3>
<p style="text-align: justify;">The ministry has said that many Bollywood stars, cricketers, social media influencers promote such platforms, so it is advisable to avoid joining the offshore online money gaming platforms along with being vigilant. </p>
<p style="text-align: justify;"><strong>Also read:</strong></p>
<p style="text-align: justify;"><strong>Now not just momos, cup noodles will also sell Wow! Momo, a target of 100 crores business in 2 years</strong></p>
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<p><a href="https://www.abplive.com/business/dggi-takes-major-action-against-offshore-online-gaming-companies-357-websites-and-2400-bank-accounts-blocked-126-crore-frozen-2910139" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/dggi-takes-major-action-against-offshore-online-gaming-companies-357-websites-and-2400-bank-accounts-blocked-126-crore-frozen/">DGGI Takes Major Action Against Offshore Online Gaming Companies 357 Websites and 2400 Bank Accounts Blocked 126 Crore Frozen</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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