Hyderabad: Cryptocurrency angle emerges in Chinese betting apps case, one arrested by ED | Hyderabad News
HYDERABAD: In Chinese betting apps case, Enforcement Directorate has arrested a cryptocurrency operator identified Naisar Kothari for transferring money from Chinese companies to abroad in the form of USD (Tether). ED said that the online betting scan and hawala transactions involved Rs 1100 crore transactions. The accused is a 26-year-old techie from Bhavnagar who did around Rs 14 crore transactions, and ED booked him under the Prevention of Money Laundering Act. ED PMLA Court in Hyderabad granted custody of the accused for a further grilling from December 13 to December 22. ED begun prob...
Source: indiatimes.com