ED Conducts Raids On Casino Dealers In Hyderabad

July 27, 2022 15:12
ED Conducts Raids On Casino Dealers In Hyderabad

(Image source from: Timesofindia.indiatimes.com)

ED Conducts Raids On Casino Dealers In Hyderabad:- The officials of the Enforcement Directorate (ED) conducted raids on the casino dealers and agents in Hyderabad in eight locations for violating the rules of the Foreign Exchange Management Act (FEMA). The agents are identified as Madhav Reddy, Pravin Chikoti and others. They have been organizing huge gambles and events in Nepal and Sri Lanka. The officials of ED traced several hawala transactions during their raids. The ED conducted raids on the residence of Madhav Reddy in Bowenpally. The agents are busy organizing special flights from Shamshabad to Bagdogra airport and are running an 'All In' Casino Vegas by Big Daddy in the Hotel Mechi Crown Jhapa.

The event is organized in a small town near to Siliguri which is located on the border of India and Nepal. The event took place between June 10th and June 13th. The gambling rackets were organized from Hyderabad, Vijayawada Guntur, Nellore and Visakhapatnam. The four-day package is priced at Rs 3 lakhs including the flight charges, hotel stay, drinks, food and other entertainment. The gamblers can play Andar Bahar, Teen Patti, Roulett, Baccarat and Marriage. Special dancers from Bollywood, Tollywood and Nepal are organized to entertain the gamblers. All the winners are paid in hawala as per the primary investigation of the ED.

(Video Source: TV5 News)

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Tagged Under :
Casino dealers in Hyderabad  ED  FEMA