A platform allegedly made false promises of huge returns on betting on cricket, football, tennis and hockey.<\/p>\n\n\n\n\n\n\n\n
India.- Mumbai’s East Division Cyber Police<\/strong> have arrested two businessmen from Bhayandar<\/strong> for alleged involvement in an online gaming scam. The suspects, Pritesh Salian<\/strong>, aged 48<\/strong>, and Mehul Kantilal Solanki, 47<\/strong>, both residents of Bhayandar East, were reportedly involved with a platform called “Honesty is Best Policy \u2013 Atlas777.club,\u201d<\/strong> which allegedly made false promises of huge returns on betting on cricket, football, tennis and hockey.<\/p>\n\n\n\n A victim who used the website from October 6 to 19, 2025<\/strong> complained that operators gained their trust by crediting small winning amounts to his account. However, after he invested Rs 28.2 lakh<\/strong> (US$31,795) in multiple transactions, they allegedly withheld the money and refused to return it.<\/p>\n\n\n\n The bank account used by the scammers was identified as a Bank of India (BOI)<\/strong> account under the name Sai Avatar Enterprises<\/strong>. The police stated that the bank account in question had transacted Rs 2.5 crore <\/strong>(US$281,872) in deposits since June 2025<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" A platform allegedly made false promises of huge returns on betting on cricket, football, tennis and hockey.<\/p>\n","protected":false},"author":2395,"featured_media":777034126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Mumbai Cyber Police have arrested two individuals linked to \"Honesty is Best Policy \u2013 Atlas777.club,\" an alleged illicit online betting platform that promised high returns on sports wagers. This operation reportedly defrauded a victim of approximately US$31,795, with associated bank accounts processing over US$281,872, underscoring the persistent challenges of financial crime and consumer protection within unregulated iGaming verticals.","focusai_entities":"Pritesh Salian, Mehul Kantilal Solanki, Honesty is Best Policy \u2013 Atlas777.club, Bank of India, Sai Avatar Enterprises","focusai_location":"India, Mumbai, Bhayandar","focusai_target_profile":"ceo_executive (0.8), regulator (1.0), compliance_legal (0.9), operator_casino (0.7), payments_fraud_aml (1.0), investor_analyst (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Framework Efficacy?","query":"What specific deficiencies in India's current regulatory framework for online betting facilitated the prolonged operation and significant financial transactions of this alleged fraudulent scheme?"},{"label":"Financial Institution Due Diligence?","query":"What are the potential liabilities and systemic implications for financial institutions, such as Bank of India, regarding their due diligence and AML compliance in processing substantial illicit funds for entities like Sai Avatar Enterprises?"}],"footnotes":""},"categories":[163,16334],"tags":[29,23911,58],"class_list":["post-777034124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-asia-news","tag-casino","tag-gambling-regulation","tag-india"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034124","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777034124"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034124\/revisions"}],"predecessor-version":[{"id":777034141,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034124\/revisions\/777034141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777034126"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777034124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777034124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777034124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}