In the recent financial misconduct, the Directorate of Enforcement (ED) has provisionally attached assets worth Rs. 3.68 crore linked to an alleged online cricket betting racket under the Prevention of Money Laundering Act (PMLA), 2002. The assets include bank balances amounting to Rs. 2.14 Crore and immovable properties valued at Rs. 1.54 Crore situated in Odisha, Kolkata, and Pune. These assets are linked to Dinesh Kumar Rathi and his associates, who are under investigation for their alleged involvement in an online cricket betting case.
The ED’s probe was initiated based on the FIR and Chargesheet filed by the Odisha Police, invoking various sections of the Indian Penal Code (IPC) and the Prize Chit and Money Circulation Schemes (Banning) Act, 1978. The investigation exposed the activities of Dinesh Kumar Rathi, R. Lalie Achary, and their associates.
According to ED findings, the accused individuals, are suspected of engaging in illegal online betting practices. Their modus operandi involved enticing unsuspecting individuals to invest money in the illicit betting scheme, promising lucrative returns. However, the accused allegedly deceived investors, siphoning off their hard-earned money while falsely ensuring profitable margins.
The proceeds of the crime amassed by the accused were directed into properties and utilized for personal gain. This case highlights the growing menace of online betting and the dangers it poses to unsuspecting individuals. It reinforces the need for vigilance and awareness about such illegal activities. The ED’s intervention in this case is a positive step towards curbing criminal activities and protecting vulnerable individuals.