https://www.taxtmi.com/news?id=62869 Founders were arrested on allegations under the Prevention of Money Laundering Act after the agency alleged the company retained about INR 43 crore of player funds post ban, restricted withdrawals from customer wallets, used algorithms to generate alleged illicit betting proceeds, and held assets worth INR 505 crore that were frozen; the agency also alleged diversion of Indian entity funds to overseas accounts including USD 55 million in a U.S. account of an alleged shell company. en-us Thu, 27 Nov 2025 08:01:02 +0530 Thu, 27 Nov 2025 08:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62869 Founders were arrested on allegations under the Prevention of Money Laundering Act after the agency alleged the company retained about INR 43 crore of player funds post ban, restricted withdrawals from customer wallets, used algorithms to generate alleged illicit betting proceeds, and held assets worth INR 505 crore that were frozen; the agency also alleged diversion of Indian entity funds to overseas accounts including USD 55 million in a U.S. account of an alleged shell company. News - Thu, 27 Nov 2025 08:01:02 +0530 https://www.taxtmi.com/news?id=62869