ED attaches Probo’s ₹117-crore assets for allowing online gambling
The Enforcement Directorate (ED) has taken a significant step in its ongoing probe against Probo Media Technologies, a company that was found to be facilitating online gambling under the guise of online gaming. As part of its money laundering investigation, the ED’s Gurugram Zonal Office has attached ₹117.41 crore worth of movable and immovable assets belonging to Probo. This move is seen as a major crackdown on the company, which had been cheating its customers by allowing them to engage in online gambling activities.
The ED probe had earlier revealed that Probo was operating a platform that allowed users to participate in online gambling, despite claiming to offer online gaming services. The company had been able to dupe its customers by presenting its platform as a legitimate online gaming platform, when in reality, it was facilitating illegal gambling activities. The ED had been investigating Probo for its alleged involvement in money laundering and had been gathering evidence to build a case against the company.
The attachment of assets is a significant development in the case, as it prevents Probo from disposing of its assets or using them to further its illegal activities. The ED has attached a range of assets, including immovable properties, bank accounts, and other movable assets, totaling ₹117.41 crore. This move is expected to put a significant dent in Probo’s operations and will likely cripple its ability to continue its illegal activities.
It is worth noting that Probo had shut down its platform in August, soon after the government introduced a new law regulating online gaming. The law, which aims to curb illegal online gambling, had made it clear that online gaming platforms would be subject to strict regulations and would be required to adhere to certain guidelines. Probo’s decision to shut down its platform was seen as an attempt to avoid scrutiny and potential action from the authorities.
However, the ED’s probe had already been underway, and the agency had been gathering evidence against Probo. The attachment of assets is a clear indication that the ED is serious about taking action against companies that engage in illegal activities, including online gambling. The move is also expected to serve as a deterrent to other companies that may be considering engaging in similar activities.
The ED’s action against Probo is part of a broader crackdown on online gambling and money laundering in India. The government has been taking steps to regulate the online gaming industry and to prevent companies from engaging in illegal activities. The introduction of the new law regulating online gaming is a significant step in this direction, and the ED’s probe against Probo is a clear indication that the authorities are serious about enforcing the law.
In recent years, there has been a significant increase in online gaming and gambling activities in India. While online gaming can be a legitimate and legal activity, online gambling is illegal in most parts of the country. However, many companies have been found to be operating online gambling platforms, often under the guise of online gaming. These companies have been able to evade scrutiny and regulation, often by presenting themselves as legitimate online gaming platforms.
The ED’s probe against Probo is a significant development in the fight against online gambling and money laundering. The attachment of assets is a clear indication that the authorities are serious about taking action against companies that engage in illegal activities. The move is also expected to serve as a deterrent to other companies that may be considering engaging in similar activities.
In conclusion, the ED’s attachment of Probo’s assets is a significant step in the fight against online gambling and money laundering. The move is a clear indication that the authorities are serious about taking action against companies that engage in illegal activities and will serve as a deterrent to other companies that may be considering engaging in similar activities. The government’s introduction of a new law regulating online gaming is a significant step in this direction, and the ED’s probe against Probo is a clear indication that the authorities are committed to enforcing the law.
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