NEW DELHI: The Economic Offences Wing (EOW) of Delhi Police has registered a case and initiated a probe after a complaint by the Enforcement Directorate (ED) alleged that a money laundering racket involving foreign-based online gaming companies are exploiting Indians. A senior EOW officer said information was received from the ED that foreign online gaming companies are providing access to Indian residents through VPN (Virtual Private Network) or masking their actual identity as foreign online gaming websites. “These websites are registered in foreign countries and all of them are linked with Indian bank accounts. The firms were found to be registered in the name of various employees/hired persons by using fabricated/forged documents for the purpose of collection/routing/outward foreign remittances of proceeds of crime from online gaming by the foreign registered gaming websites, police said. Out of 105 foreign companies, 46 are based in China, 30 in Singapore, 18 in Hong Kong, 07 in UAE, 02 in Malaysia, 01 in Thailand and 01 in Mauritius.

Source: Indian Express February 29, 2024 06:48 UTC