Under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the Directorate of Enforcement (ED) has provisionally attached immovable and moveable assets worth Rs. 3.68 Crore. These assets include bank balances worth Rs. 2.14 Crore and immovable assets worth Rs. 1.54 Crore that are located in Odisha, Kolkata, and Pune and belong to Dinesh Kumar Rathi and other associates in connection with an alleged involvement in online cricket betting.
Even though it’s still not entirely legal, many enthusiasts are nevertheless drawn to online cricket betting. Cricket betting is becoming more and more popular due to the popularity of the game. Although there are no explicit laws or rules prohibiting online betting in India, there are some areas where it is considered unlawful. With a few clicks, you may easily be flexible and accessible when betting on cricket online using a laptop or smartphone.
Based on a FIR and Charge sheet submitted by the Odisha Police under the Prize Chit and Money Circulation Schemes (Banning) Act, 1978, as well as several IPC provisions, the ED began its probe.
Dinesh Kumar Rathi, R. Lalie Achary, and their collaborators are accused of carrying out an internet betting scam, according to an ED probe. The accused individuals deceived the public into investing money in this illicit betting scheme by offering them a false sense of security and a profitable margin of return, all the while embezzling their hard-earned cash. As a result, the accused individuals are said to have amassed money from crimes, which they then invested in real estate and utilized for personal benefit.
