DGGI, Hyderabad unearths Rs 13,000 cr syndicate involved in operating 'illegal' online gaming sites
Hyderabad (PTI): The DGGI, Hyderabad zonal unit, on Thursday said it has identified an alleged organised syndicate worth Rs 13,000 crore involved in operating "illegal" online gaming websites in the country with the assistance of associated fintech companies and arrested one of the masterminds.
It further said it has launched a massive crackdown on online gaming syndicates, including action against associated fintech companies, freezing bank accounts to the tune of Rs 100 crore and has begun arresting the masterminds.
As part of the online gaming investigation, GST Intelligence, Hyderabad arrested Pankaj Kumar, founder and director of Adsum Advisory Service Pvt Ltd, the city-based firm, which provides services for fraud detection and customer verification/digital KYC verification, a release from the Directorate General of GST Intelligence (DGGI), Hyderabad zonal unit said.
"Evidence gathered during the investigation pointed to the identification of an organised syndicate worth Rs 13,000 crore involved in operating illegal online gaming websites with assistance of associated fintech companies, including payment aggregator, payment gateway and third-party technology service providers, wherein Pankaj Kumar is one of the masterminds responsible for fraudulent KYC verification of merchants and shell entities on behalf of RBI regulated entities like Payment Gateways and Banking as Payment Aggregator (BAPA)," it said.
Being director of a company responsible for KYC verification process, Kumar "failed" to develop risk profiling of customers based on ownership and control structure and helped in onboarding of shell entities for UPI integration required for flow of money from online gaming, it alleged.
The DGGI, Hyderabad unit, further alleged Kumar, is one of the beneficiaries who received "illegitimate" proceeds of crime generated by the online gaming syndicate.
Further investigation is under progress, the release added.
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Man held for killing teacher over Rs 13 lakh loan in Karnataka
Kalaburagi (Karnataka) (PTI): A 27-year-old man has been arrested for allegedly killing a teacher after she repeatedly demanded repayment of a Rs 13 lakh loan that he had taken from her, police said on Wednesday.
The accused, Amar, allegedly attacked the woman with a sharp weapon and later set the body on fire on the Kamalapur-Kalmood road in the district in an attempt to destroy evidence, they said.
Police identified the victim as Jyoti (57), a resident of Kalaburagi city, who was working as a teacher in Bidar district.
The matter came to light after an unidentified female body was found beside the Kamalapur-Kalmood road, they said.
Initially, it was treated as an unidentified body. Based on a complaint from a local resident, a murder case was registered under 109 of the Bharatiya Nyaya Sanhita at Kamalapur Police Station limits in Kalaburagi district, police said.
The investigation was immediately taken up and her photographs were widely circulated and later, the woman was identified.
During the investigation, police identified Amar, a resident of Kapnoor area, who owns and runs a milk parlour as the accused, Adduru Srinivasulu, Kalaburagi Superintendent of Police told reporters here.
According to him, Amar had borrowed Rs 13 lakh from Jyoti. She had been repeatedly asking him to return the money and had warned that she would lodge a police complaint if he failed to repay the amount. Fearing this, Amar allegedly planned to kill her.
He reportedly took Jyoti towards the Kamalapur-Kalmood road in a vehicle on April 4. On the way, he stopped the vehicle saying that water needed to be poured into the engine. "When she got down, he allegedly threw chilli powder on her face and attacked her with a sharp weapon. After the murder, he allegedly poured fuel on the body and set it on fire before fleeing the scene," the officer said.
Based on the accused's statement, police recorded his confession, collected evidence in the case, arrested him and produced him before a court, which remanded him to judicial custody, he added.
