Authorities have blocked 357 illegal online gaming websites operating without proper authorization. These platforms were involved in tax evasion and fraudulent financial transactions.
GST evasion and unregulated financial transactions
Use of fake bank accounts and forged documents
Encouraging illegal betting among Indian users
To curb financial fraud, the government has sealed 2400 bank accounts used for transactions linked to illegal online gaming and betting.
✅ ₹126 crore worth of illegal transactions frozen
✅ Bank accounts linked to foreign entities and tax evasion
✅ Fake documents and accounts used for money laundering
Approximately 700 foreign online gaming companies are under investigation for operating without proper registration in India and evading GST payments worth crores.
Operating in India without GST registration
Transactions made through fake bank accounts
Potential money laundering activities detected
The Ministry of Finance has issued warnings to Bollywood celebrities, cricket players, and social media influencers to refrain from promoting illegal gaming platforms.
✔️ Promoting illegal gaming platforms could lead to legal action
✔️ Public advised to stay away from unauthorized gaming sites
✔️ Cricket and Bollywood personalities may face penalties if involved
✅ 357 illegal online gaming sites blocked
✅ 2400 bank & UPI accounts sealed
✅ ₹126 crore in illegal transactions stopped
✅ 700+ foreign gaming companies under investigation
✅ Bollywood & cricket celebrities warned against promotions
👉 This move aims to safeguard Indian users from illegal betting platforms and ensure tax compliance. Authorities have urged people to only engage with legal and verified gaming platforms.
❓ Do you think this action will curb illegal online gaming in India? Share your thoughts in the comments!
