The Financial Intelligence Unit of the Income Tax has made a big disclosure about foreign illegal gambling sites. The unit has expressed apprehension of money laundering and terror funding through these websites. In the report of the Parliamentary Committee on Finance, the Financial Intelligence Unit of the Income Tax has said that foreign gambling sites are laundering money through multiple UPIs and fake bank accounts. In fact, similar transactions were seen in the case of Mahadev Book earlier.
The annual turnover of illegal gambling in the country is more than Rs 2 lakh crore. In this, bets are placed for gambling through fake bank accounts and different UPI IDs on different names and then this money is sent abroad through fake bank accounts and hawala.
The Financial Intelligence Unit (FIU) of the Income Tax has expressed apprehension in the information given to the parliamentary committee that this money is also being used in terror funding. The parliamentary committee has been told that foreign illegal gambling sites are doing money laundering in four ways. According to the FIU, it is clear that gambling companies sitting in tax havens are doing this business in India.
According to Deepak Upadhyay, editor of Gamingindia.in, hundreds of such illegal websites are running in the world and these websites have also been banned by the government. Despite that, these websites are running their illegal business through the surrogate domain. He says that the special thing is that these websites have brought many film stars and social media influencers for their promotion. Due to which gullible countrymen are losing their money by getting caught in their trap.
