ED Widens Betting App Probe, Questions Cricketer Suresh Raina and Actors
The Enforcement Directorate (ED) has intensified its investigation into a major money-laundering case linked to illegal online betting applications. As part of the nationwide probe under the Prevention of Money Laundering Act (PMLA), the agency summoned and questioned former cricketer Suresh Raina in New Delhi and Telugu actor Manchu Lakshmi in Hyderabad. The investigation focuses on celebrity endorsements that allegedly helped promote unregulated gambling platforms, with the ED examining the nature of their association with these apps.
Unpacked:
Suresh Raina is alleged to have endorsed 1xBet, an illegal online betting app under investigation for money laundering and unregulated gambling activities.
Celebrities are being questioned because their endorsements and advertisements allegedly promoted illegal betting platforms, potentially lending credibility and encouraging users to participate in unregulated gambling.
Those found promoting illegal betting platforms can face investigations under the Prevention of Money Laundering Act (PMLA), prosecution under the TS Gaming Act, and charges under the IT Act for cheating and identity theft, leading to possible fines and imprisonment.
Authorities believe celebrity endorsements increase the credibility and reach of illegal betting apps, luring more people—including vulnerable populations—into gambling, which can lead to financial harm and facilitate money laundering.