Ponzi Scheme Via Gaming App: EOW Nabs Kerala-based Shell Firm Director In Online Ponzi Case
In yet another success in the 18Football.com betting (online Ponzi) case, the Economic Offence Wing (EOW) on arrested the director of a Kerala-based shell company from Thrissur in connection with an online scam.
The EOW has arrested Dileepkumar P (35), who is a diploma holder in Business Management, in connection with the case. He is the director of Kerala-based Shell company- Priwest Global Solution Pvt Ltd.
According to an EOW release, he is the director of Priwest Global Solution Pvt Ltd, which channelized the ill-gotten money of this scam. Around Rs 19.49 crore routed using this company has been traced. Dileep is also founder-cum-managing trustee of Coimbatore-based Omana Foundation Charitable Trust, which was also used to channelize the crime proceeds of this scam. “4000 to 5000 illegal transactions were done in the bank accounts of the company and the trust,” it said.
Earlier, two directors of Kolkata-based shell company “Hakim & Rustam Fabrics Pvt. Ltd” were arrested from Kolkata and one director of a shell company “Edudaddy Institute of Advance Studies Pvt Ltd” was arrested from Udaipur, Rajasthan.
Sources said an FIR was registered on the complaint of more than 800 investors in the Ganjam district. They had invested money in 18football.com to earn quick money. 18football.com is a hybrid model of fraud where the ponzi scheme runs online giving the name of a football betting application.
