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Delhi HC has ruled that ED can seize assets linked to online cricket betting as the profits come under the money laundering act
The order comes hot on the heels of the ED sealing assets of over INR 500 Cr from betting startups like WinZO, Gameskraft and Pocket52, acting on a flurry of complaints of cheating
ED has also been actively scanning payments made to celebrities for endorsing offshore betting apps such as FairPlay, Parimatch, Lotus365, A23, JeetWin and Junglee…
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Delhi HC has ruled that ED can seize assets linked to online cricket betting as the profits come under the money laundering act
The order comes hot on the heels of the ED sealing assets of over INR 500 Cr from betting startups like WinZO, Gameskraft and Pocket52, acting on a flurry of complaints of cheating
ED has also been actively scanning payments made to celebrities for endorsing offshore betting apps such as FairPlay, Parimatch, Lotus365, A23, JeetWin and Junglee…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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