Fiewin App Investigation: Chinese Nationals and ₹400 Crore Online Gaming Scam
Wednesday, 25 September 2024, 13:17
Investigation Into Fiewin App Scam
The Fiewin app has garnered attention due to its association with a significant ₹400 crore online gaming scam. The Enforcement Directorate (ED) has reported that Chinese nationals allegedly ran the illegal betting and gaming application, aided by Indian accomplices.
Arrests and Implications
As part of the ongoing probe, the ED has arrested four Indians connected to the scheme. Details emerging from the investigation indicate an extensive network tied to money laundering and cryptocurrency transactions that bolstered this operation.
Key Highlights
- Fiewin app targeted unsuspecting users.
- Involvement of foreign nationals raises concerns.
- Heightened scrutiny on online gaming regulations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.