{"id":777010686,"date":"2023-10-30T08:23:57","date_gmt":"2023-10-30T11:23:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010686"},"modified":"2026-04-22T16:41:43","modified_gmt":"2026-04-22T19:41:43","slug":"indian-ed-probes-money-laundering-linked-to-online-betting-apps","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/indian-ed-probes-money-laundering-linked-to-online-betting-apps","title":{"rendered":"Indian ED probes money laundering linked to online betting apps"},"content":{"rendered":"\n<p>The Enforcement Directorate has conducted raids in multiple cities.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>India.- The ED has conducted a series of raids in cities including Mumbai, Indore and Hubali as part of an ongoing money laundering investigation related to the operation of illegal online betting apps.\u00a0Police <strong>seized documents, digital devices<\/strong> and Rs. 46.5 lakh in cash.<\/p>\n\n\n\n<p>An investigation was initiated by the ED based on a first information report (FIR) filed by the Madhya Pradesh police. During its inquiry, the ED probed illegal online betting applications, such as Dhangames and other Satta-Matka apps, operated in Madhya Pradesh, Karnataka and other regions. According to the Hindustan Times, these apps allowed users to register using a mobile number and transfer money to a Dhangames wallet via the Unified Payments Interface (UPI) to engage in betting.\u00a0<\/p>\n\n\n\n<p>The ED found a complex network of fake bank accounts allegedly set up to facilitate the laundering of illicit funds generated through the apps. The funds were channelled through benami bank accounts, allegedly handled by a suspect named <strong>Lokesh Verma<\/strong>.\u00a0<\/p>\n\n\n\n<p>Verma is accused of misusing Know Your Customer (KYC) documents belonging to third parties to open these accounts. Subsequently, the laundered proceeds were used for the acquisition of property.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/india-14-arrested-for-alleged-illegal-gambling\" rel=\"noreferrer noopener\">India: 14 arrested for alleged illegal gambling<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Enforcement Directorate has conducted raids in multiple cities.<\/p>\n","protected":false},"author":176,"featured_media":16308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Enforcement Directorate has conducted raids across multiple Indian cities, seizing cash and digital devices, as part of a money laundering investigation into illegal online betting applications like Dhangames and Satta-Matka. The probe uncovered a sophisticated network utilizing UPI for deposits, fake bank accounts, and misused KYC documents to launder illicit funds for property acquisition.","focusai_entities":"Enforcement Directorate, Madhya Pradesh police, Dhangames, Satta-Matka, Lokesh Verma, Hindustan Times","focusai_location":"India, Mumbai, Indore, Hubali, Madhya Pradesh, Karnataka","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.8), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0), tech_data (0.7)","focusai_suggestions":[{"label":"ED's Enforcement Impact","query":"What are the broader implications of the Enforcement Directorate's intensified crackdown on illegal online betting for legitimate iGaming operators considering market entry or expansion in India?"},{"label":"KYC\/AML Efficacy","query":"How do these findings regarding misused KYC documents and fake bank accounts inform the development of more robust AML and identity verification protocols for payment processors and financial institutions in the region?"}],"footnotes":""},"categories":[439,16334],"tags":[20326],"class_list":["post-777010686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-asia-news","tag-illegal-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777010686"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010686\/revisions"}],"predecessor-version":[{"id":777041057,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010686\/revisions\/777041057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16308"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}