Hawala – News Analysis India https://newsanalysisindia.com The news you need to know, explained Mon, 29 Sep 2025 00:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 ED Raids Across 4 States, Uncovers Foreign Currency and Crypto Transactions at Big Daddy Casino https://newsanalysisindia.com/india/ed-raids-across-4-states-uncovers-foreign-currency-and-crypto-transactions-at-big-daddy-casino/ Mon, 29 Sep 2025 00:00:00 +0000 http://newsanalysisindia.local/ed-raids-across-4-states-uncovers-foreign-currency-and-crypto-transactions-at-big-daddy-casino/ The Enforcement Directorate (ED) conducted raids across multiple locations in Goa, Delhi-NCR, Mumbai, and Rajkot under the Foreign Exchange Management Act (FEMA). The searches, carried out on September 28th and 29th, targeted 15 premises linked to Golden Globe Hotels Private Limited, Worldwide Resorts and Entertainment Private Limited, and the renowned Big Daddy Casino in Goa.

During the searches, the ED seized approximately 2.25 crore rupees in Indian currency, 14,000 US dollars, and foreign currency equivalent to 8.50 lakh rupees. Furthermore, cryptocurrencies (including USDT) worth over 90 lakh rupees were frozen. The ED also confiscated several incriminating documents and digital evidence during the raids.

**Poker Chips Exchanged for Foreign Currency at the Casino**

The investigation revealed that poker chips were provided to customers in exchange for foreign currency at the casino. Winnings were also returned in foreign currency as per their preference. Employees associated with Golden Globe Hotels were actively promoting online gambling platforms such as rolex777.co, iCasino247.com, play247s.com, Win Daddy, and Poker Daddy.

**Crypto and Hawala Network Exposed**

The ED’s investigation uncovered that poker players’ crypto wallets were being utilized for financial transactions. USDT (USDT) was being sent to Dubai and other countries through Hawala channels. This network used mule accounts (bank accounts opened in the names of others) to deposit winnings and send funds abroad.

**Enforcement Directorate’s Claims**

The ED stated that the documents and digital evidence gathered during the searches clearly expose FEMA violations and a network associated with cross-border Hawala-crypto transactions. The ED indicated that the investigation is ongoing and further revelations are anticipated.

]]> Enforcement Directorate Seizes ₹2.2 Crore in Money-Laundering Probe Against Goa Casino https://newsanalysisindia.com/india/enforcement-directorate-seizes-%e2%82%b92-2-crore-in-money-laundering-probe-against-goa-casino/ Mon, 29 Sep 2025 00:00:00 +0000 http://newsanalysisindia.local/enforcement-directorate-seizes-%e2%82%b92-2-crore-in-money-laundering-probe-against-goa-casino/ The Enforcement Directorate (ED) conducted searches at 15 locations associated with casinos, restaurants, hotels, and other establishments in Goa, Delhi-NCR, Mumbai, and Rajkot. The two-day operation, carried out on Sunday and Monday, resulted in the seizure of ₹2.25 crore in cash and $14,000, equivalent to ₹8.5 lakh. The investigation targeted premises linked to Big Daddy Casino, M/s. Golden Globe Hotels Pvt. Ltd., and M/s. Worldwide Resorts and Entertainment Pvt. Ltd. Golden Globe Hotels Pvt. Ltd. operates two casinos in Goa: the offshore casino Big Daddy and Casino Strike. The ED’s investigation revealed that poker chips were provided to customers in exchange for foreign currency, and winnings were disbursed in foreign currency based on customer requirements. Cryptocurrency wallets belonging to poker players were also utilized for financial transactions. Multiple online casino platforms, including rolex777.co, iCasino247.com, play247s.com, Win Daddy, and Poker Daddy, were actively promoted by casino staff. Furthermore, the agency uncovered the use of angadia services through crypto wallets to facilitate USDT transfers both to Dubai and various global locations. Several mule accounts were identified as being used for the deposit and withdrawal of gambling winnings, which were then transferred abroad. Cryptocurrencies, including USDT valued at over ₹90 lakh, were found and frozen during the operation. Incriminating documents and digital evidence, which establish violations of FEMA provisions and linkages with cross-border hawala/crypto transactions, were seized.

]]> Breaking: Police Seize ₹66 Million Cash from Scorpios, Four Arrested https://newsanalysisindia.com/india/breaking-police-seize-%e2%82%b966-million-cash-from-scorpios-four-arrested/ Sat, 20 Sep 2025 00:00:00 +0000 http://newsanalysisindia.local/breaking-police-seize-%e2%82%b966-million-cash-from-scorpios-four-arrested/ A major development has unfolded in the Durg district of Chhattisgarh. During a vehicle check near the Kumhari Toll Plaza, a joint team of police and ACCU intercepted two Scorpio vehicles and seized ₹66 million in cash. Four individuals have been apprehended in connection with the incident. The suspects revealed during questioning that they were transporting the money, allegedly related to hawala operations, from Raipur to Surat when they were apprehended at the Kumhari Toll Plaza. The police have informed the Income Tax Department about the seizure.

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