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Meta and Google Officials Asked to Appear Before ED in Illegal Betting Apps Case
July 20, 2025
|The New Indian Express Madurai
The Enforcement Directorate has summoned representatives of tech giants Meta and Google as part of its investigation into illegal betting apps case under provisions of the Prevention of Money Laundering Act (PMLA) and asked them to depose before it here for recording their statement on Monday, official sources said on Saturday.
The two companies are yet to give their response on the development either through a public statement or to the agency.
The ED has been probing multiple online platforms hosting illegal betting and gambling links, including instances of advertisements placed for them on various internet-based social media outlets and app stores.
هذه القصة من طبعة July 20, 2025 من The New Indian Express Madurai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Madurai
The New Indian Express Madurai
AT IIM AHMEDABAD, CURIOSITY HAS AN ADDRESS
India’s ‘unicorn factory’ didn’t happen by accident; it grew from classrooms where leadership is questioned, tested, and reinvented
2 mins
November 03, 2025
The New Indian Express Madurai
Cong war room in full throttle as campaign hits fever pitch
WITH just days to go before the first phase of the Bihar Assembly elections on November 6, the Congress war room is operating round the clock to finetune its campaign strategy amid alliance challenges and regional complexities.
1 mins
November 03, 2025
The New Indian Express Madurai
IIHL, Invesco Mutual Fund form JV
INDUSIND International Holdings Limited (IIHL), the promoter of IndusInd Bank, and Invesco Ltd. (Invesco) have completed formation of their asset management joint venture (JV) following ITHL’s acquisition of a60% ownership stake in Invesco Asset Management India (IAMD).
1 min
November 03, 2025
The New Indian Express Madurai
Groww initial public offer: Founders, early investors to gain up to 5,100%
THE promoters and the early investors of Billionbrains Garage Ventures, the parent of the country’s largest brokerage Groww, are going to make a killing from the %6,632 crore IPO that’s opening on Monday because their acquisition value is only a fraction of the post-issue valuation of the company that’s at $61,735 crore at the upper end of price band. Some of them will be making a windfall gains of up to5,100%, while the lowest return is 1,700%.
1 min
November 03, 2025
The New Indian Express Madurai
HOW TO MAKE SENSE OF THE IPO BOOM
INDIAN financial markets are set for another blockbuster year of initial public offerings (IPOs).
2 mins
November 03, 2025
The New Indian Express Madurai
‘Our profitability is better than many bigger industry peers’
CANARA Bank reported a net profit of %4,774 crore in Q2 FY26, up 19% year-on-year, driven by improved asset quality and growth in advances. Yet the bank’s net interest income fell by 2% and net interest margin fell to 2.52%.
2 mins
November 03, 2025
The New Indian Express Madurai
TN'S POLL RACE FIRING ON ALL CYLINDERS, BUT WHERE IS IT HEADED?
State elections are usually a perfect mirror held up to the society in flux, yet in poll-weary Tamil Nadu, it conjures up an eerily blurred image.
2 mins
November 03, 2025
The New Indian Express Madurai
Chennai emerging as key node in illegal Gibbon trade
AN analysis by the international wildlife trade monitoring body TRAFFIC has found that gibbon trafficking has hit a peak in 2025, with Chennai, Bengaluru, and Mumbai emerging as key nodes in the global illegal trade, fuelled by India's growing appetite for exotic pets.
1 mins
November 03, 2025
The New Indian Express Madurai
Fake news menace: Fact-checking chatbot to curb misinformation
THE Ministry of Information and Broadcasting (MI&B) is set to take a major technological leap in its fight against misinformation and fake news with the launch of a fact-checking chatbot.
1 mins
November 03, 2025
The New Indian Express Madurai
Ex-AIADMK mins slam Sengottaiyan for 'going against internal unity'
FORMER AIADMK ministers R B Udhayakumar and Sellur K Raju on Sunday slammed expelled party veteran K A Sengottaiyan for publicly criticising the party leadership, accusing him of letting personal ego override organisational unity.
1 min
November 03, 2025
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