ED has carried out searches in 5 States under the FEMA, 55 bank accounts seized/freezed

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Enforcement Directorate (ED) has carried out searches under the FEMA, 1999 on 22.5.2023 and 23.5.2023 at 25 premises in Delhi, Gujarat, Maharashtra, Madhya Pradesh & Andhra Pradesh in relation to investigation being done against foreign registered Online Gaming companies/websites operating in India.

During the searches include various incriminating documents, electronic devices, Rs. 19.55 lacs in cash, US$2695 and 55 bank accounts have been seized/freezed.

 

News & Image Source: Twitter (@dir_ed)

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