The Enforcement Directorate (ED) has raided foreign-registered online Gaming websites and companies operating in India in alleged violation of the foreign exchange law. The operation found that the companies were registered in small island countries such as Curacao, Malta and Cyprus, but were linked to Indian bank accounts opened in the name of proxy persons who have no links with online gaming activity. The ED detected illegal foreign remittances of about INR 4,000 crore ($543m) and froze 55 bank accounts.

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