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81 Indian companies under ED scanner for links with Chinese online betting apps

Sep 25, 2020, 02:10PM ISTSource: TOI.in

Enforcement Directorate has unearthed 81 Indian companies having monetary transactions with Chinese online betting app companies. These companies are based in Mumbai and Delhi mostly and some of them are Hyderabad based. ED had frozen Rs 47 crore from the bank accounts of Chinese companies running 94 online betting apps and websites. A senior E.D official said: 'There are transactions worth Rs 1,268 crore between the two Chinese companies, their subsidiaries and around 81 Indian companies.' Two bank accounts of Dokypay Technology Private Limited revealed that the account has seen a collection of Rs 1,268 crore, out of which Rs 300 crore came via Paytm payment gateway and around Rs 600 crore was transferred out via Paytm payment gateway. An account analysis of Linkyun Technolgy has revealed a similar pattern. E.D probe has also revealed outward foreign remittances for payments to the extent of Rs 120 crore from these accounts.

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