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Chinese Betting Apps Crackdown: ED Freezes Bank Deposits Worth ₹123 Crores

The Enforcement Directorate (ED) revealed on Wednesday the freezing of bank deposits totaling Rs 123 crore after conducting searches at 10 sites across Mumbai, Chennai, and Kochi under the Prevention of Money Laundering Act. The operation targeted “Chinese-controlled” betting and loan apps accused of defrauding numerous individuals.

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