The company was used in channelising the ill-gotten money in the illegal betting racket. The Odisha Economic Offences Wing (EOW) was able to trace around Rs 11.74 crore routed through the company.
[Representational Image] File Photo
The Economic Offences Wing (EOW) of Crime Branch arrested the self-styled director of a ponzi firm in connection with an online betting racket active in Odisha and several other states.
The accused, Naveen Poriwar, head of a shell company Edudaddy Institute of Advanced Studies Private Limited, was arrested from Udaipur, Rajasthan.
The company was used in channelising the ill-gotten money in the illegal betting racket. The EOW was able to trace around Rs 11.74 crore routed through the company. Poriwar, also director of other shell companies, used to channelise the crime proceeds of some other cybercrimes.
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Though the arrested accused Poriwar is a resident of Udaipur, Rajasthan, all his companies are based or registered in Kerala. He was produced before a local court of Udaipur and is being brought to Odisha, the EOW said in a statement on Tuesday.
The Bureau of Immigration, earlier on Thursday, issued a lookout circular against a Dubai-based shell firm operator in connection with a gaming and betting app case registered by the Economic Offence Wing (EOW) of Odisha Police.
The online racket in gaming and betting applications from Dubai had earlier been busted by the EOW with the investigating agency arresting two fraudsters from Howrah in West Bengal.
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