New Delhi | The Enforcement Directorate (ED) conducted raids in several states against online gaming websites registered abroad. During this, illegal remittance of about Rs 4,000 crore abroad has been detected. Foreign exchange law was violated in this. The ED said on Wednesday that on May 22-23, 25 premises in Delhi, Gujarat, Maharashtra, Madhya Pradesh and Andhra Pradesh were raided under Foreign Exchange Management Act (FEMA) provisions. During this operation 55 bank accounts were frozen. Apart from this, Rs 19.55 lakh and more than US$ 22,600 in cash were seized. The raids revealed that these online gaming companies and websites are registered in small island countries like Curacao, Malta and Cyprus.
ED raids foreign registered online gaming companies in several states
