The Directorate of Enforcement (ED) on Thursday said that it has provisionally attached the properties of former Indian cricketers Suresh Raina and Shikhar Dhawan under the Prevention of MoneyLaundering Act for allegedly entering into endorsement agreements with foreign entities engaged in promotion and facilitation of illegal online betting in India. The agency attached Raina’s mutual fund investments worth Rs 6.64 crore and Dhawan’s immovable property valued at Rs 4.5 crore.
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An investigation, the ED said, found that both Raina and Dhawan “knowingly entered” into endorsement agreements for the promotion of 1xBet through its surrogate brand 1xBat, 1xbat Sporting lines. These endorsements were made in return for payments routed through foreign entities to conceal the illicit origin of the funds, which are linked to proceeds of crime generated from illegal betting activities, the agency said.
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