Suresh Raina (Image Credit: Instagram) The former Indian cricket Suresh Raina is to face the questioning of the Directorate for enforcement (ED) on Wednesday morning regarding the case of money laundering associated with an illegal online betting platform 1xbet, where the agency suspects its involvement by approval.Ed plans to record Rain’s statement under the Act on the Prevention of Money washing (PMLA) during its deposition.
Suresh Raina announces retirement from all cricket formats
Go beyond the border with our YouTube channel. Subscribe!The agency’s investigation focuses on understanding the alleged connection of rains with the planting application through certain confirmations.“These platforms violate the Indian government more laws and instructions … It is estimated that approximately 22 Indian users (220 million) are currently involved in various betting applications and 11 Crore (110 million) are regular users,” Hindustan Times.Reports suggest that illegal betting websites and applications have seen more than 1.6 billion visits in the first three months of 2025. It is estimated that the online betting market in India is worth approximately $ 100 million, while unlawful betting applications are reportedly avoiding $ 27,000 per year.Ed previously attached assets worth 337 Crore in cases related to the IPL cricket match last year.One important case includes an online Fairlplay platform, whose directors are accused of illegal broadcasting of IPL cricket matches and online betting.“The connected assets include the shares of the demat, land, flats and commercial compositions located in Ajmer (Rajasthan), Kutch (Gujarat), Daman, Thane & Mumbai (Maharashtra) are 219.66CR online betting applications Fairlplay and its promoters,” Ed said.What is pmla?In 2002, the Indian Parliament introduced the Money Laundering Act (PMLA) in the fight against financial crimes. This law helps to catch people who are trying to make illegal money look legal. It gives the authority to entertain dirty money, requires banks to report suspicious activities and punish the perpetrators.PMLA serves as the main weapon of India against money washing. It protects the country’s financial system from criminals trying to hide their illegal earnings. The law works by stopping bad actors in transforming their illegal profits into legitimate assets.Key PMLA goals
- Under this law, government agencies can remove property purchased by dirty money. The Directorate for enforcement leads to the investigation of these crimes. They can freeze assets associated with money laundering cases.
- The law states strict rules for banks and financial companies. They must carefully check who their customers are. They must keep detailed transactions records. If they notice something suspicious, they must immediately communicate to the financial intelligence unit-India (Fiu-Ind).
- These measures help to catch criminals trying to clean their illegal money through the banking system. The law ensures that people cannot easily hide their poorly acquired wealth by moving different accounts or buying expensive things.
- PMLA shows a strong obligation of India to maintain a clean financial system. It helps to prevent criminals from using banks and other institutions to make their illegal money look legitimate.
