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5d ago

ED Summons Google and Meta Over Promotion of Illegal Betting Apps

They will face questioning in Delhi on July 21 over allegations that their advertising platforms helped betting apps launder money

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Overview

  • The ED has issued notices under the Prevention of Money Laundering Act, summoning Google and Meta representatives to its Delhi headquarters on July 21.
  • Investigators allege the tech giants sold ad slots that amplified the reach of unregulated betting apps involved in hawala-based money laundering.
  • The probe extends to white­-label and dabba trading platforms such as VMoney, VM Trading, LotusBook, 11Starss and GameBetLeague.
  • Mumbai raids in mid-July recovered ₹3.3 crore in unaccounted cash, luxury vehicles, jewellery and cash-counting machines from four locations.
  • Earlier this month the ED filed an ECIR against 29 celebrities, including Vijay Deverakonda, Rana Daggubati and Prakash Raj, for endorsing illegal betting platforms.