New Delhi (India), 29th March 2023: The Enforcement Directorate (ED) has searched a fintech firm with offices in Ahmedabad that is suspected of using 150 bank accounts to layer money made from illegal gambling.
Without getting Akash Ojha’s permission, the accused Rakesh R. Rajdev and others transferred $170.70 crore through a bank account established in his name. According to a formal statement from the ED, the money is thought to have come from a website which offers online betting.
The Prevention of Money Laundering Act (PMLA), 2002’s provisions were applied to freeze a sum of 3.05 crore that was found in these bank accounts after searches were conducted on Monday, according to the ED.
The probe was started after an ECIR was recorded based on a FIR filed by the DCB police station in Ahmedabad. He was accused by the local authorities of fraudulently opening an account with Akash Ojha’s Pan and Aadhar cards and transferring 170.70 crores of gambling funds.
The agency said, “During PMLA investigations, it has been found that the accused are operating through a private communication platform and providing the login Id and password to the persons who want to place bets online. This website is providing a platform for placing bets on various types of speculation games such as ‘Teen Patti’, ‘Rummy’, ‘Andar Bahar’,’Poker’ and also on various live games including cricket matches.”
