17 August,2024 07:30 AM IST | New Delhi | Agencies
Representation Pic
Four persons have been arrested in connection with a Rs 400 crore "fraud" online betting and gaming app allegedly linked to some Chinese nationals, the Enforcement Directorate (ED) said on Friday.
Arun Sahu, Alok Sahu, Chetan Prakash and Joseph Stalin were taken into custody under the provisions of Prevention of Money Laundering Act (PMLA) in the case related to the app named âFiewin', the federal probe agency said in a statement.
The money laundering case stems from an FIR filed at the Cossipore police station in Kolkata against some unknown persons for "cheating" and "conspiracy" with a number of online gamers through the app.
An amount of Rs 400 crore was generated from the Fiewin app fraud and thereafter was credited into eight Binance (global crypto exchange) wallets in the name of Chinese nationals. These wallets were operated from the Chinese mainland as revealed by the access IP logs.
ALSO READ
Drugs valued at Rs 6.13 crore seized in Mizoram, three held
Junior doctors refuse to call off strike
BJP MP Anil Bonde booked over 'Rahul Gandhi's tongue should be singed' remarks
Bodies of couple, 10-year-old daughter found in their home in Nashik
Kolkata doctors to continue strike, demand another meet with CM Mamata
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
