Chikoti Praveen had taken 1,000 clients overseas, ED says – The New Indian Express

Express press service

HYDERABAD: While the Directorate of Law Enforcement (ED) remains tight-lipped about its raids on Chikoti Praveen, sources say the investigative agency has found links to more than 1,000 people who do not object to spend a few lakhs on gambling for the thrill of this. The ED had raided eight locations in Hyderabad and one in Andhra Pradesh linked to Praveen and his aide Madhav Reddy on Wednesday and reportedly unearthed several cases of breaches of the Foreign Exchange Management Act.

ED sources said the agency found large deals related to Praveen, Madhava Reddy and Sampath and sent notices to the trio, searching the records for them to read. Some of these big deals are believed to be related to a recent high-stakes game night held in Nepal and Sri Lanka.

While detectives remain mum on Praveen’s alleged gambling syndicate (ED’s Hyderabad unit feigned complete ignorance of the matter), off the record they whispered that Praveen had, over the years, took around 1,000 people to foreign lands where they bet to their heart’s content in high-stakes games.

Praveen charges nearly Rs 3 lakh per person for a getaway to places like Sri Lanka, Indonesia, Nepal, Thailand and Singapore where gambling is legal and gamblers are welcome, they said. They said two phones had been seized and names on the contact list were being checked. When Express attempted to contact ED co-manager Abhishek Goyal regarding the raids and alleged involvement of some bigwigs in overseas gambling escapades, his clients, rumored hawala deals and more, the call went unanswered.

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Praveen has been very clear that he hasn’t done anything illegal in the city, state or country and that all of his game play has taken place overseas.
ED sources said that while Praveen interacted and dealt with clients, Madhava Reddy and Sampath handled financial transactions.

HYDERABAD: While the Directorate of Law Enforcement (ED) remains tight-lipped about its raids on Chikoti Praveen, sources say the investigative agency has found links to more than 1,000 people who do not object to spend a few lakhs on gambling for the thrill of this. The ED had raided eight locations in Hyderabad and one in Andhra Pradesh linked to Praveen and his aide Madhav Reddy on Wednesday and reportedly unearthed several cases of breaches of the Foreign Exchange Management Act. ED sources said the agency found large deals related to Praveen, Madhava Reddy and Sampath and sent notices to the trio, searching the records for them to read. Some of these big deals are believed to be related to a recent high-stakes game night held in Nepal and Sri Lanka. While sleuths remain mum on Praveen’s alleged gambling syndicate (ED’s Hyderabad unit feigned complete ignorance of the matter), unofficially they whispered that Praveen had, over the years, taken around 1,000 people in foreign countries where they bet to their heart’s content in high-stakes games. Praveen charges nearly Rs 3 lakh per person for a getaway to places like Sri Lanka, Indonesia, Nepal, Thailand and Singapore where gambling is legal and gamblers are welcome, they said. They said two phones had been seized and names on the contact list were being checked. When Express attempted to contact ED co-manager Abhishek Goyal regarding the raids and alleged involvement of some bigwigs in overseas gambling escapades, his clients, rumored hawala deals and more, the call went unanswered. Betting big Praveen has been very clear that he hasn’t done anything illegal in the city, state or country and all of his gambling has been overseas. ED sources said that while Praveen interacted and dealt with clients, Madhava Reddy and Sampath handled financial transactions.