Top News

ED Action Suresh Raina and Shikhar Dhawan: The Enforcement Directorate (ED) on Thursday attached assets worth Rs 11.14 crore of former Indian cricketers Suresh Raina and Shikhar Dhawan. This action has been taken under the money laundering case related to the illegal betting app named 1xBet. ED has attached Shikhar Dhawan's immovable assets worth Rs 4.5 crore and mutual fund investments worth Rs 6.64 crore in the name of Suresh Raina. ED has seized these properties under PMLA (Prevention of Money Laundering Act).

What did ED allege?

According to ED, both the cricketers made promotion and endorsement deals with foreign companies. These deals were related to promoting 1xBet and its surrogate brands. This app is banned in India, but it was being run through offshore domains and proxy websites, that is, it is alleged that through promotion, the common people were assured that the app was legitimate, whereas it was not so. Many celebrities have been questioned in this case and the investigation is still going on.

Which people were interrogated?

Yuvraj Singh, former cricketer

Robin Uthappa, former cricketer

Sonu Sood, actor

Urvashi Rautela, actress

Mimi Chakraborty, former MP and actress

Ankush Hazra, Bengali actor

What is 1xBet and what is the controversy?

This is a foreign registered online betting platform, which is banned in India. It is alleged that it was used in money laundering, money was sent out through tax evasion and users' money was swindled by cheating in the algorithm. CBI had already registered an FIR in this case, after which ED started investigation from money laundering angle.

Read this also- More strictness on Anil Ambani Group! Now SFIO will investigate fund diversion worth crores

Read this also-House, land, office and helipad all sealed, what will Anil Ambani do now?