2 Hyderabad Casino Men Raided. Actors, Exotic Animals, Hawala On The Menu
NDTV
Unusually large sums of money paid to actors for casino endorsement led the Enforcement Directorate to take a look at the 'business' and its handlers.
The properties of two casino organisers in Hyderabad were raided by the Enforcement Directorate to check for alleged hawala transactions. The two men, Chikoti Praveen and Madhav Reddy, have claimed their casino business is legal.
Unusually large sums of money paid to actors for casino endorsement led the Enforcement Directorate to take a look at the 'business' and its handlers.
Some of the big-volume financial transactions may have gone via the hawala route, Enforcement Directorate sources have said. Hawala transaction refers to a financial crime when money changes hands without entering the formal banking system.
Mr Praveen, whose social media profiles are sprinkled with visuals that show a flamboyant lifestyle, from posing with exotic animals to partying with Bollywood stars, used their connections to promote their casino business, investigators said.
