Authorities in Bangladesh have uncovered one of the largest online gambling fraud rings operating in Southern Asia. The crackdown, led by the Cyber Crime Investigation Division, targeted a network that allegedly laundered millions of dollars through illegal betting platforms.
According to investigators, the group operated through social media, messaging apps, and UPI-based transactions to attract users to unauthorized gambling sites. Once users deposited money, the funds were rerouted through shell companies and converted into cryptocurrency, making it difficult to trace.
The syndicate reportedly ran operations in Dhaka, Chattogram, and Sylhet, with connections to accomplices in India, Nepal, and the UAE. Officials confirmed the involvement of foreign payment gateways and bank accounts opened using forged documents—a clear violation of Know Your Customer (KYC) norms.
“We are dealing with a transnational network that exploits digital platforms to evade regulation,” said an officer involved in the investigation. “Their tactics include fake identities, multiple bank accounts, and manipulation of digital wallets.”
More than 20 arrests have been made so far, with dozens of laptops, mobile phones, and transaction logs seized as evidence. Authorities are now working with international cybercrime agencies to trace the origin of these operations and shut down their digital infrastructure.
Experts warn that such gambling scams are rising across Southern Asia, exploiting weak financial regulations and a lack of public awareness. The government has called for stricter fintech oversight and public education campaigns.
This case serves as a stark reminder of the growing threat posed by online gambling fraud in the region, demanding a coordinated response from both local and international authorities.
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