ED attaches Probo’s ₹117-crore assets for allowing online gambling
In a significant development, the Enforcement Directorate (ED) has attached assets worth ₹117.41 crore belonging to Probo Media Technologies, a company that was allegedly involved in facilitating online gambling under the guise of online gaming. The attachment was made by the ED’s Gurugram Zonal Office as part of its ongoing money laundering probe against the company.
According to reports, Probo had been operating an online gaming platform that allowed users to participate in various games, but the ED investigation found that the company was actually facilitating online gambling, which is illegal in many parts of the country. The company had allegedly cheated its customers by allowing them to participate in games of chance, which is a clear violation of the law.
The ED probe had found that Probo had been operating its platform in a manner that was designed to evade detection by law enforcement agencies. The company had allegedly used various tactics, including the use of shell companies and fake identities, to conceal its true activities and avoid detection.
The attachment of assets is a significant development in the case, as it will prevent Probo from disposing of its assets or using them to fund its operations. The ED has attached a total of ₹117.41 crore worth of movable and immovable assets, including bank accounts, properties, and other assets belonging to the company and its promoters.
It is worth noting that Probo had shut down its platform in August, shortly after the government introduced a new law regulating online gaming. The law, which was introduced to curb the menace of online gambling, prohibits companies from operating online gaming platforms that facilitate games of chance.
The ED investigation against Probo is part of a wider crackdown on online gambling and money laundering in the country. In recent years, there have been several cases of online gaming companies being involved in money laundering and other illicit activities, and the ED has been actively pursuing these cases to prevent the misuse of online gaming platforms for illegal activities.
The attachment of Probo’s assets is a significant step in the right direction, as it will help to prevent the company from using its assets to fund its operations or dispose of them to avoid detection. The ED’s action is also likely to serve as a deterrent to other companies that may be involved in similar activities, and will help to promote a safer and more regulated online gaming environment in the country.
The ED’s investigation against Probo is ongoing, and it is likely that the agency will take further action against the company and its promoters in the coming days. The agency may also file charges against the company and its promoters, and may seek to recover any losses or damages that may have been caused to customers or other stakeholders.
In conclusion, the attachment of Probo’s assets by the ED is a significant development in the case, and highlights the agency’s commitment to preventing the misuse of online gaming platforms for illegal activities. The action is likely to have a positive impact on the online gaming industry, and will help to promote a safer and more regulated environment for customers and other stakeholders.
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