ED cracks down on gaming platform Probo in illegal betting probe; assets worth Rs 284.5 frozen

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The Enforcement Directorate (ED) conducted search operations on July 8 and 9 at four premises linked to skill gaming platform Probo, in Gurugram and other parts of Haryana over allegations of illegal gambling and money laundering. Authorities have frozen investments in fixed deposits and shares amounting to Rs 284.5 crore, and the contents of three bank lockers.

Probo Media Technologies operates the Probo online gaming app and website, and has been under the scanner of both investigative and judicial authorities for violating provisions of the…



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ED cracks down on gaming platform Probo in illegal betting probe; assets worth Rs 284.5 frozen



The Enforcement Directorate (ED) conducted search operations on July 8 and 9 at four premises linked to skill gaming platform Probo, in Gurugram and other parts of Haryana over allegations of illegal gambling and money laundering. Authorities have frozen investments in fixed deposits and shares amounting to Rs 284.5 crore, and the contents of three bank lockers.

Probo Media Technologies operates the Probo online gaming app and website, and has been under the scanner of both investigative and judicial authorities for violating provisions of the…



Source link

Disclaimer

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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