Investigation under PMLA finds endorsement fees allegedly used to acquire assets; properties in India and abroad to be attached

xNew Delhi: The Enforcement Directorate (ED) is soon expected to attach assets worth crores of rupees of certain sportspersons and actors under the anti-money laundering law in a case linked to an online betting and gaming platform.Official sources told PTI that an investigation into the case related to a portal, '1xBet', has found that some of these celebrities utilised the endorsement fee paid to them for acquiring a variety of assets which qualified as the "proceeds of crime" under the anti-money laundering law. The federal probe agency is expected to soon issue a provisional attachment order under the Prevention of Money Laundering Act (PMLA) to attach thes

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