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Automatically translated version. May contain inaccuracies compared to the original.
In India, a network of illegal iGaming platforms was uncovered: assets worth over $2,4 million seized
🔹The Indian Directorate of Enforcement conducted raids at 12 addresses in a money‑laundering case involving illegal iGaming platforms Diamondexch, Indianexch, and World777. Law enforcement seized cash, property documents, phones, and a laptop, and also froze more than 100 bank accounts, investments, and shares.
🔹The total value of the frozen and seized assets exceeded $2,4 million. These include real estate worth approximately $1,7 million, more than $500 thousand in accounts and investments, three premium cars, and two bank safes.
🔹The investigation began after a user complaint from someone who, according to investigators, lost about $6,1 million on Diamondexch, Indianexch, Lotusbook, and World777. The ED claims the platforms may have caused technical problems when attempts were made to withdraw large winnings, and that the funds obtained were then moved through shell accounts, cash couriers, and fictitious import transactions.
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