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New Delhi, Aug 20 (PTI) Shares of Nazara Technologies tumbled nearly 13 per cent on Wednesday even as the company said it has no direct exposure to real money gaming (RMG) businesses. The stock of Nazara Technologies tanked 12.82 per cent to settle at Rs 1,221.65 apiece on the BSE. During the day, it dropped 15.97 per cent to Rs 1,177.45. Shares of Delta Corp, which tumbled 6.47 per cent to Rs 87.24 in intra-day trade, later bounced back and ended at Rs 93.83 each, up 0.59 per cent. OnMobile ...Read More >
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India will promote e-sports. Representational Image/Shutterstock India is planning to ban online games played with money, in a major setback for an industry that has attracted billions in investment but remains controversial. On Wednesday (August 20), Union Minister of Electronics and Information Technology Ashwini Vaishnaw introduced the Online Gaming Bill in the Lok Sabha. The Promotion and Regulation of Online Gaming Bill, 2025, seeks to prohibit real-money online gaming, imposing stricter ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
New Delhi: The Union Cabinet has approved a bill to regulate online real money gaming platforms, PTI reported on Tuesday. The bill is likely to be tabled in Parliament on Wednesday. "The Cabinet has approved the bill to regulate online gaming platforms that involve real money. The government is trying to table the bill in Parliament on Wednesday," a source told PTI. The decision follows observations from the government that online money gaming provides a means to facilitate money laundering, f ...Read More >
Mumbai: The Enforcement Directorate (ED) has frozen funds worth around Rs 110 crore in multiple bank accounts during searches at 17 locations across eight cities, including Mumbai, Delhi, Noida, Jaipur, Surat, Madurai, Kanpur, and Hyderabad. This was part of its money laundering probe into the Cyprus-based illegal online betting platform Parimatch. The searches, conducted on August 12 under the Prevention of Money Laundering Act (PMLA), 2002, are linked to an ongoing investigation into the plat ...Read More >
The Enforcement Directorate conducted multi-state searches across 15 locations, including Mumbai and Delhi-NCR, as part of a money laundering investigation. This probe targets the Parimatch betting app, accused of defrauding users of approximately Rs 2,000 crore. The funds were allegedly laundered through mule accounts, payment aggregators, crypto wallets, and ATM withdrawals. The Enforcement Directorate (ED) on Tuesday conducted multi-state searches as part of a money laundering investigation ...Read More >
New Delhi, Aug 14 (PTI) Funds worth Rs 110 crore kept in mule bank accounts have been frozen and 1,200 mule credit cards were seized following recent searches against the Indian operations of a Cyprus-based "illegal" online betting platform named Parimatch, the Enforcement Directorate said on Thursday. Parimatch app, as per the federal probe agency, gained visibility in the country through "aggressive" marketing, including sponsorship of sports tournaments and partnerships with well-known celeb ...Read More >
New Delhi: Former Indian cricketer Suresh Raina was on Wednesday questioned by the Enforcement Directorate in an alleged illegal online betting app-linked money laundering case, official sources said. Rains (38) was seen interacting with CISF personnel and Enforcement Directorate (ED) staff outside the agency's office in central Delhi before he marked his attendance at around 11 am. The federal probe agency recorded his statement under the Prevention of Money Laundering Act (PMLA) as part of t ...Read More >
Actor Rana Daggubati appeared before the Enforcement Directorate (ED) in Hyderabad concerning a money laundering case linked to illegal online betting and gambling. The ED had summoned Daggubati and other actors like Prakash Raj and Vijay Deverakonda, who have already appeared, for endorsing online betting apps allegedly generating illicit funds. The agency is recording statements under the PMLA. Actor Rana Daggubati on Monday appeared before the Enforcement Directorate (ED) in Hyderabad in con ...Read More >
Former Indian cricketer Suresh Raina is slated to appear before the Enforcement Directorate (ED) in New Delhi on Wednesday, August 13, for questioning in connection to an alleged illegal betting app-linked money laundering case. Sources indicate the probe revolves around the 1xBet app, with Raina's involvement stemming from potential endorsements. Former India cricketer Suresh Raina is expected to appear before the Enforcement Directorate (ED) here on Wednesday for questioning in an alleged ill ...Read More >
As per the ED, illegal online betting platforms have been defrauding the public, laundering large sums of money, and evading taxes running into crores of rupees. India's Enforcement Directorate (ED) has summoned representatives from Google and Meta as part of an ongoing money laundering probe into illegal online betting platforms, ANI reported on Saturday, citing official sources. According to ANI, the representatives of the two global tech firms have been asked to appear before the agency on ...Read More >
New Delhi: The Enforcement Directorate has summoned representatives of tech giants Meta and Google as part of a money laundering investigation against a number of illegal online betting platforms, official sources said Saturday. The executives have been asked to depose before the agency on July 21 here and get their statements recorded under the Prevention of Money Laundering Act (PMLA), they said. There was no immediate response from the two companies. The federal agency is probing multiple pl ...Read More >
Gangtok, Jul 19 (PTI) Vehicular movement on a stretch of National Highway-10 connecting Sevoke in West Bengal and Sikkim's Rangpo has been temporarily halted due to landslides and rockfall, officials said on Saturday. Clearance activities are underway on the stretch following landslides at Birik Dara in Kalimpong district of West Bengal, they said. The road is closed for all vehicular movement along the stretch since 11 am on Friday, the National Highways and Infrastructure Development Corpora ...Read More >
New Delhi, July 19 (SocialNews.XYZ) Taking on tech giants for allegedly promoting online betting Apps which are under probe for serious financial crimes, the Enforcement Directorate (ED) on Saturday sent notices to tech giants Google and Meta, summoning them for questioning on July 21. The notices were sent in connection with an ED investigation into online betting App cases, currently under investigation for financial crimes, including money laundering and hawala transactions. The regulator a ...Read More >
New Delhi, July 19: Taking on tech giants for allegedly promoting online betting Apps which are under probe for serious financial crimes, the Enforcement Directorate (ED) on Saturday sent notices to tech giants Google and Meta, summoning them for questioning on July 21. The notices were sent in connection with an ED investigation into online betting App cases, currently under investigation for financial crimes, including money laundering and hawala transactions. The regulator alleged that these ...Read More >
New Delhi: The Enforcement Directorate (ED) has issued notices to Google and Meta in connection with its investigation in online betting app cases. The tech giants have been summoned for questioning on July 21, as per the notices served on Saturday. This indicates that the agency is expanding the scope of its investigation in the matter that has already seen numerous celebrities and influencers come under the scanner for promoting alleged illegal gambling platforms. "Both Google and Meta have ...Read More >
The case stems from FIR No. 0041/2025 registered at Lasudiya Police Station in Indore and has since expanded across multiple jurisdictions The Enforcement Directorate (ED) has seized ₹3.3 crore in unaccounted cash, along with luxury watches, jewellery, foreign currency, and high-end vehicles, during raids at four locations in Mumbai. The action is part of a major investigation into an alleged dabba trading and online betting network, which operated via white-label applications and unregistered ...Read More >
Mumbai: The Enforcement Directorate (ED) has uncovered a major illegal trading and betting racket following raids at four locations in Mumbai, leading to the seizure of Rs 3.3 crore in unaccounted cash, luxury watches, jewellery, foreign currency and high-end vehicles. The investigation stems from an FIR registered on January 9, 2025 at Lasudiya Police Station in Indore, invoking Sections 319(2) and 318(4) of the Bhartiya Nyaya Sanhita, earlier Sections 419 and 420 of the Indian Penal Code. The ...Read More >
Bengaluru: In a major move to curb the growing menace of unregulated online betting and gambling, the Karnataka government proposed the establishment of a dedicated Karnataka Online Gaming and Betting Regulatory Authority through a new legislation - The Karnataka Police (Amendment) Bill, 2025. Commenting on decisive step Roland Landers, CEO, All India Gaming Federation, said "A clear distinction between games of skill and chance, backed by progressive regulation, is essential to ensure consumer ...Read More >
The Enforcement Directorate (ED) on Tuesday and Wednesday raided four locations in Gurugram and Jind districts belonging to Haryana-based Probo Media Technologies Pvt. Ltd, and froze fixed deposits and shares worth over ₹284 crore, PTI reported. The action, taken under the anti-money laundering law, is part of an ongoing investigation into alleged cheating through illegal online gambling and betting, the agency said on July 10. In a statement, the ED said it carried out searches over two days ...Read More >
New Delhi, Jul 9 (PTI) Fixed deposits and shares worth more than Rs 284 crore of a Haryana-based company have been frozen under the anti-money laundering law in a case linked to alleged duping of people through illegal online gambling and betting activities, the Enforcement Directorate said on Wednesday. The federal agency in a statement said it conducted searches for two days starting Tuesday at four premises in Gurugram and Jind in Haryana of the firm named Probo Media Technologies Pvt. Ltd. ...Read More >
Bhopal (Madhya Pradesh): Unregulated online betting and gaming applications are turning out to be a major factor behind suicides by youths and even children across the state. In the past few years, dozens of youths addicted to betting and gaming apps lost hefty cash and ended their lives in depression in various districts. Many even cited their addiction and loss of money as the reason behind the extreme step in the suicide notes they left behind. Cyber Crime officials said that although bettin ...Read More >
HYDERABAD: A majority of people involved in online gambling and betting in Telangana are aged between 18 and 25, according to a survey conducted by the Public Response Against Helplessness and Action for Redressal (PRAHAR), an NGO.The findings were revealed on Friday at an event titled 'Click:Bet:Repeat: Consumer Survey on the Forces Driving Online Betting and Gambling', held in Telangana, where online betting is banned.The survey, conducted over the past six weeks, covered 2,761 punters from ac ...Read More >
SURAT: The investigation into a massive international cybercrime racket busted last month in Surat has revealed a staggering Rs 1,455 crore was laundered through 90 bank accounts that were opened by misusing documents of needy people over the last six months.The total amount siphoned off could rise to Rs 2,000 crore, as the police are yet to examine details of another 75 suspicious accounts.The racket was unearthed on May 22, when Udhna police detained a man carrying suspicious stamps and bank k ...Read More >
Surat: The investigation into a massive international cybercrime racket busted last month in Surat has revealed a staggering Rs 1,455 crore was laundered through 90 bank accounts that were opened by misusing documents of needy people over the last six months.The total amount siphoned off could rise to Rs 2,000 crore, as the police are yet to examine details of another 75 suspicious accounts.The racket was unearthed on May 22, when Udhna police detained a man carrying suspicious stamps and bank k ...Read More >
Srinagar, Jan 31: Online gambling has become a growing menace in Kashmir, driving several families into severe financial distress and emotional turmoil. The easy accessibility of online betting platforms has lured many, particularly youth, with the illusion of quick financial gains. However, this often results in heavy monetary losses, debt and psychological suffering. According to details obtained by the news agency -- Kashmir News Observer (KNO), a youth from south Kashmir initially won Rs 10 ...Read More >
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