Business

India's Crackdown on Online Betting: Meta and Google Under Scrutiny for Alleged Money Laundering

India's Enforcement Directorate Targets Tech Giants

In a significant move against online betting, India's Enforcement Directorate has issued notices to Meta Platforms Inc. and Alphabet Inc.'s Google LLC. The investigation revolves around suspected money laundering activities linked to online betting apps, as reported by India's Economic Times.

Representatives Summoned for Questioning

Authorities have mandated that representatives from both companies appear at the Delhi headquarters on July 21. The focus will be on addressing concerns related to advertising activities that may have promoted these betting platforms. Additionally, investigators are scrutinizing any payments received by the firms from these questionable sources.