{"id":9515,"date":"2020-08-31T21:48:23","date_gmt":"2020-08-31T21:48:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=9515"},"modified":"2026-04-24T02:17:09","modified_gmt":"2026-04-24T05:17:09","slug":"india-seizes-over-us6m-for-illegal-gambling","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/india-seizes-over-us6m-for-illegal-gambling","title":{"rendered":"India seizes over US$6m for illegal gambling"},"content":{"rendered":"\n

India’s Enforcement Directorate seized the funds during a major operation against illegal gambling in four cities.<\/p>\n\n\n\n\n\n\n\n

India.- The Enforcement Directorate, India\u2019s intelligence and law enforcement unit, has seized Rs 47 crore (US$6.38 million) as part of an operation against illegal gambling.<\/p>\n\n\n\n

The money was seized on Friday from bank accounts held with HSBC, coinciding with an operation against illegal gambling at 15 locations in Delhi, Gurgaon, Mumbai and Pune.<\/p>\n\n\n\n

The Enforcement Directorate confiscated 17 hard disks, five laptops, phones and documents.<\/p>\n\n\n\n

According to Times of India, the authorities found Chinese nationals using Indians to carry out illegal online betting activities estimated to be worth Rs 1,300 crore (US$176 million).<\/p>\n\n\n\n

They believe Indian accountants collaborated with Chinese nationals who set up multiple companies for illegal activities, putting Indian executives in charge as a cover to open accounts, and then replacing them with Chinese nationals.<\/p>\n\n\n\n

Authorities also found suspicious transactions related to dating apps and others made through digital wallets such as Paytm, Cashfree and Razorpay. <\/p>\n\n\n\n

Hyderabad police are trying to find out if the apps\u2019 lax regulatory systems were used to make illegal transactions as well as gambling<\/a><\/em><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

India’s Enforcement Directorate seized the funds during a major operation against illegal gambling in four cities.<\/p>\n","protected":false},"author":2,"featured_media":9517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"India's Enforcement Directorate executed a significant operation against illegal online gambling, seizing Rs 47 crore from HSBC bank accounts and other assets across multiple cities. The investigation uncovered a sophisticated scheme involving Chinese nationals using Indian proxies to facilitate illegal betting activities estimated at Rs 1,300 crore, leveraging digital wallets and potentially exploiting lax regulatory systems of various applications. This highlights escalating regulatory enforcement against illicit iGaming operations within the Indian market.","focusai_entities":"Enforcement Directorate, HSBC, Times of India, Paytm, Cashfree, Razorpay, Hyderabad police","focusai_location":"India, Delhi, Gurgaon, Mumbai, Pune, Hyderabad","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.8), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Gaps Impact","query":"What specific regulatory gaps in India's digital payment and app ecosystems are being exploited by these illicit iGaming operations, and what policy reforms are anticipated?"},{"label":"Financial Institution Exposure","query":"How are financial institutions like HSBC mitigating their exposure to illicit funds associated with illegal gambling, and what enhanced due diligence measures are being implemented?"}],"footnotes":""},"categories":[439,16334],"tags":[227,20326,58],"class_list":["post-9515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-asia-news","tag-china","tag-illegal-gambling","tag-india"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9515","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=9515"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9515\/revisions"}],"predecessor-version":[{"id":21690,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9515\/revisions\/21690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9517"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}