Taking major action in the money laundering case, the Enforcement Directorate (ED) has temporarily seized assets worth Rs 11.14 crore of former Team India cricketers Suresh Raina and Shikhar Dhawan. This action has been taken as part of a money laundering investigation related to the illegal online betting platform 1xBet.

According to ED, mutual fund investments worth Rs 6.64 crore in the name of Suresh Raina, while a property worth Rs 4.5 crore in the name of Shikhar Dhawan has been seized.

What was revealed in the investigation in ED,

ED investigation revealed that 1xBet and its other brands like 1xBat and Sporting Lines were running online betting and gambling business in India without any permission. Investigation found that Suresh Raina and Shikhar Dhawan had made endorsement deals with foreign companies and advertised through videos and social media posts for the promotion of 1xBet.

Payments for these advertisements were not sent directly to India but were routed through foreign routes. So that the real source can be hidden. According to ED, this money was earned from illegal betting. To make it look white, a deal was made with the cricketers.

ED investigation further revealed that 1xBet used thousands of fake accounts or accounts created in the names of others for betting in India. So far, more than 6000 such accounts have been identified. Betting money was deposited in these accounts. Which were further transferred several times through various payment gateways so that the money could not be tracked. ED raided four payment gateways in the country and till now more than 60 bank accounts have been frozen. An amount of about Rs 4 crore has been blocked in these accounts.

Central agency appealed to the people

ED has appealed to the people to stay away from any online betting or gambling app. He has warned that those who promote such platforms or give their bank details to someone else for use, then action can be taken against them under PMLA law. In which there is a provision of imprisonment up to 7 years and confiscation of property.

ED has advised the public not to give their bank account or UPI ID to anyone else for use. Do not click on any betting, high return or passive income link on social media. Stay away from mobile apps or Telegram/Whatsapp channels that promote gambling or betting. If someone has misused your account, immediately inform the bank and police. The investigation into this matter is still going on.

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Bank loan fraud case: Reliance Group Chairman Anil Ambani’s troubles are constantly increasing. In the bank fraud case of Rs 2,929 crore against Anil Ambani, Reliance Communications and others, the Enforcement Directorate (ED) has registered a new case in the money laundering case.

Anil Ambani trapped badly!

Officials say that this action taken by the ED is based on the CBI report filed last month. Significantly, the Central Investigation Agency (CBI) blamed Anil Ambani and Reliance Communications for the damage done to State Bank of India. In this case, the CBI also raided the locations of the chairman of Reliance Group.

It is worth noting that earlier the CBI had registered a bank fraud case of Rs 2,929 crore against Anil Ambani’s company Reliance Communications (RCom). After this, Anil Ambani issued a statement and rejected this charge completely. A spokesman for the company had said that he had been deliberately targeted. It was also claimed that the complaint lodged by SBI is related to the case of about ten years old.

What is the whole matter?

The statement issued by the company said that the time when this is the case, Anil Ambani was a non-executive director of RCom and did not have a direct connection with the functioning of the daily company. However, after the CBI action on the entire case, the Enforcement Directorate (ED) has started investigation on the basis of suspicion of money laundering.

Another important aspect in this case is that on Tuesday, the ED also questioned Amitabh Jhunjhunwala, who was close to Anil Ambani. Even before this, Jhunjhunwala’s name has been revealed during the investigation.

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