India's Enforcement Directorate has summoned officials from Google and Meta in response to increasing money laundering cases associated with online betting apps. The investigation focuses on claims that these tech companies allowed betting platforms to advertise extensively, thus increasing their visibility. Allegations suggest that these apps have moved large sums through untraceable channels such as hawala networks. The inquiry examines whether the tech giants violated the Prevention of Money Laundering Act by enabling the betting apps to engage in paid promotions, despite government warnings against such advertising.
The Enforcement Directorate has summoned officials from Google and Meta in response to rising money laundering cases linked to online betting apps.
Authorities suspect that online betting platforms, disguised as skill-based gaming, have routed massive amounts of money through murky financial networks, eluding traceability.
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