Fiewin App Online Betting Fraud: The Enforcement Directorate (ED) in Kolkata has arrested Arun Sahu, Alok Sahu, Chetan Prakash, and Joseph Stalin under the Prevention of Money Laundering Act (PMLA), 2002. The arrests are linked to a scam involving the Fiewin app, an online betting platform.
Fiewin App Online Betting Fraud: Investigation Origins and Findings
The investigation, initiated based on an FIR by Cossipore Police Station, revealed that Chinese nationals operated the Fiewin app with support from Indian nationals. The funds from the app were funneled through various bank accounts and converted into cryptocurrency.
Fiewin App Online Betting Fraud: Roles of the Accused
Arun and Alok Sahu, based in Rourkela, acted as “recharge persons,” converting funds into cryptocurrency. Chetan Prakash from Patna assisted in this conversion. Joseph Stalin from Chennai facilitated the Chinese operators’ transactions through his company and Binance accounts.
Financial Impact and Legal Proceedings
The scam reportedly generated around ₹400 crore, credited into Binance wallets controlled by Chinese nationals. The accused were produced before the Hon’ble Special Court (PMLA), which granted ED custody for 14 days. The investigation continues as the ED seeks to uncover further details.
