ED arrests one more person in Rs 1,100 crore international hawala scam
Published By : Prameya News Bureau | December 11, 2020 IST
Share
New Delhi, Dec 11: The Enforcement Directorate (ED) arrested Naisar Kothari, a crypto-currency trader, for his involvement in the offence of money laundering in a case related to online betting scam and international hawala of over Rs 1,100 crore. A special PMLA court sent him to a 10-day custody with the directorate. The financial probe agency registered a case of money laundering by Linkyun Technology Private Limited and Dokypay Pvt Ltd and others based on a FIR registered by Hyderabad CCS Police on the basis of a complaint received from one of the victims who had lost money by investing in a betting app. "Subsequent investigation had revealed that apart from providing payment aggregator re-seller services to banned Apps in India, these Chinese owned Companies were indulging in International hawala and illegal activities," the ED said. It said that login credentials and dongles for HSBC Bank accounts and payment aggregators like Paytm, Cashfree, Razorpay etc were shipped to China and were being operated from there. Three persons, including one Chinese national, were arrested earlier in this case and a chargesheet has been filed against them in the PMLA Court. "Further investigation of the money trail revealed that a large amount of money was being inexplicably transferred to some Crypto-currency traders based in Bhavnagar. It was revealed that accused Kothari had purchased USDT Crypto-currency on behalf of the accused company and had transferred them to unknown wallets on foreign exchanges," the agency said. The ED claimed that Kothari had knowingly and actively involved himself in layering the proceeds of crime. (IANS)
News7 Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
Can't use 2011 ODI WC pics during campaign: ECI to Yusuf Pathan
BJP may announce candidates’ list for Odisha Assembly segments today
Government issues advisory against fraudulent calls impersonating DoT
Ukraine discusses peace formula with India
21 lakh sellers and service providers onboarded on GeM
Tech leaders hail PM Modi for his candid chat with Bill Gates
99% cases received through ECI's C-Vigil app resolved
NET scores to be used for PhD admissions: UGC
PM Modi's key lifestyle mantras for Bill Gates include super food millet, finding inner peace
India has democratised technology, aims to end digital divide: PM Modi
10 killed as cab plunges into deep gorge in J&K
Ayodhya gears up for ‘Ram Navami’ rush of devotees
BJP Core Committee meeting begins in Delhi: Likely to announce candidates for Odisha Assembly segments
Kharge hits back at PM Modi's 'bullying a Cong culture' remark
Mukhtar Ansari dies of cardiac arrest in Banda, security tightened in UP
Lawyers write to CJI over group trying to ‘pressurise judiciary’
Delhi horror: 5-year-old kidnapped, raped & killed; accused held
LS polls: 2.54 crore voters for Phase 1 in Rajasthan; 13 above 120 years of age
Big shock for BRS as Hyderabad Mayor decides to join Congress