Earlier this month, Dhiraj Sarkar, Ankit Kapoor, and Yan Hao, a Chinese national, were taken in the Enforcement Directorate’s custody for a money laundering case regarding online betting apps. The three convicts will be held in custody until the 29th of September.
Three weeks ago, the Hindu Times reported that the Enforcement Directorate froze four HSBC bank accounts worth 45.96 crore for “running Chinese apps on online betting platforms in India.”
ED began probe under the Prevention of Money Laundering Act (PMLA) after a Hyderabad police FIR was filed against companies Dokypay Technology Pvt Ltd and Linkyun Technology Pvt Ltd. During the investigation, Sarkar, Kapoor, and Hao were arrested for alleged practice in money laundering.
Yan Hao, “organizer of the betting scam”, was the manager of a Beijing Tomorrow Power Company. According to reports, Paytm and Cashfree were used to receive the money obtained from gambling.
Similar activities were also observed with Chinese dating apps running for Indians.
Enforcement Directorate gets custody of Chinese national Yan Hao and Dhiraj Sarkar and Ankit Kapoor till 29th September, in connection with money laundering case relating to the online betting apps
— ANI (@ANI) September 22, 2020