logo
India's financial crime fighting agency summons Google, Meta executives, sources say

India's financial crime fighting agency summons Google, Meta executives, sources say

Al Arabiya2 days ago
India's financial crime fighting agency has summoned executives of tech giants Google and Meta to its headquarters on Monday as it investigates accusations of money laundering on online betting apps, two government sources said.
The Enforcement Directorate (ED) is investigating whether the platforms eased the way for promotion and wider reach of betting apps through advertisements, the first source said.
A date of July 21 has been set for the appearances at the agency's headquarters in the capital, New Delhi, the source added.
A second government source accused Google and Meta of using their platforms to promote illegal activities, despite a government advisory against the advertisement of any form of betting.
The agency will investigate Google and Meta over the funds they received from betting apps, the second source added, as well as checking if they were advertising or promoting any other betting platforms.
Both sources sought anonymity as they were not authorized to speak to media.
Google and Meta did not immediately respond to Reuters' requests for comment.
Betting and gambling pose 'significant financial and socio-economic risks for consumers, especially youth and children,' India's information and broadcasting ministry told television channels and digital media in an advisory in 2022.
Promotion of offline or online betting and gambling through advertisements was not advised in the larger public interest, the ministry added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi holdings of US Treasuries drop by $6.1B in May
Saudi holdings of US Treasuries drop by $6.1B in May

Argaam

time2 hours ago

  • Argaam

Saudi holdings of US Treasuries drop by $6.1B in May

Saudi Arabia's holdings of US Treasuries decreased by $6.1 billion month-on-month to $127.7 billion in May, recent data released by the US Treasury showed. Accordingly, the Kingdom maintained its 17th place among the largest holders of US Treasuries for the month. Saudi Arabia's holdings of US Treasuries were distributed among long-term bonds worth $102 billion, representing 80% of the total. Meanwhile, short-term bonds amounted to $25.8 billion, accounting for 20%. Japan was the top holder of US Treasuries by value in May, with $1.13 trillion, followed by the UK ($809.4 billion).

India court acquits 12 in deadly 2006 train blasts case
India court acquits 12 in deadly 2006 train blasts case

Arab News

time4 hours ago

  • Arab News

India court acquits 12 in deadly 2006 train blasts case

MUMBAI, India: An Indian court acquitted on Monday 12 men previously convicted for a series of bomb blasts that ripped through packed commuter trains in Mumbai in 2006 that killed 187 people. The men were convicted in 2015 of murder, conspiracy, and waging war against the country over the attacks during the evening rush hour of July 11, 2006 that also injured more than 800 people. Five were sentenced to death, while the other seven were given life imprisonment. But, 10 years later, the Bombay High Court set aside a lower court's verdict and acquitted the 12 men. Justices Anil Kilor and Shyam Chandak said in their judgment, the prosecution had 'utterly failed to establish the offense beyond the reasonable doubt against the accused on each count.' The men were ordered to be released from jail 'if they are not required to be detained in any other case.' The prosecution can appeal against the order in the Supreme Court. A total of seven blasts ripped through the trains after the bombs, packed into pressure cookers, were placed in bags and hidden under newspapers and umbrellas. Prosecutors said the devices were assembled in Mumbai and deliberately placed in first-class coaches to target the city's wealthy Gujarati community. They said the bombings were intended as revenge for the riots in the western state of Gujarat in 2002, which left some 2,000 people dead, most of them Muslims. Prosecutors accused Pakistan-based militant group Lashkar-e-Taiba of being behind the attacks, although a little-known outfit called the Lashkar-e-Qahhar later claimed responsibility. Pakistan denied the allegations.

Trump's renewed interest in Pakistan has India recalibrating China ties
Trump's renewed interest in Pakistan has India recalibrating China ties

Arab News

time5 hours ago

  • Arab News

Trump's renewed interest in Pakistan has India recalibrating China ties

NEW DELHI, India: US President Donald Trump's lunch meeting with Pakistan's military chief prompted a private diplomatic protest from India in a warning to Washington about risks to their bilateral ties while New Delhi is recalibrating relations with China as a hedge, officials and analysts said. The meeting and other tensions in the US-India relationship, after decades of flourishing ties, have cast a shadow in trade negotiations, they said, as Trump's administration weighs tariffs against one of its major partners in the Indo-Pacific. India blames Pakistan, especially its military establishment, for supporting what it calls cross-border terrorism and has told the US it is sending the wrong signals by wooing Field Marshal Asim Munir, three senior Indian government officials directly aware of the matter told Reuters. It has created a sore spot that will hamper relations going forward, they said. Pakistan denies accusations that it supports militants who attack Indian targets and that New Delhi has provided no evidence that it is involved. US-India ties have strengthened in the past two decades despite minor hiccups, at least partly because both countries seek to counter China. The current problems are different, said Michael Kugelman, a Washington-based senior fellow at the Asia Pacific Foundation think tank. 'The frequency and intensity with which the US is engaging with Pakistan, and seemingly not taking Indian concerns into account, especially after India's recent conflict with Pakistan, has contributed to a bit of a bilateral malaise.' 'The concern this time around is that one of the triggers for broader tensions, that being Trump's unpredictability, is extending into the trade realm with his approach to tariffs,' he said. Prime Minister Narendra Modi's office and India's foreign ministry did not respond to a request for comment. The foreign ministry has previously said that it had 'taken note' of the Trump-Munir meeting. A US official said they do not comment on private diplomatic communications and that the United States enjoys strong relationships with both India and Pakistan. 'These relationships stand on their own merits, and we do not compare our bilateral relationships with one another,' the US official said. LUNCH AT THE WHITE HOUSE The US seems to have taken a different tack on Pakistan after a brief conflict broke out between the nuclear-armed rivals in May when India launched strikes on what it called terrorist targets across the border in response to a deadly attack on tourists from the majority Hindu community in Indian Kashmir the previous month. After four days of aerial dogfights, missile and drone attacks, the two sides agreed to a ceasefire. Hindu-majority India and Islamic Pakistan have skirmished regularly and fought three full-scale wars since independence in 1947, two of them over the disputed Kashmir region. A few weeks after the May fighting, Trump hosted Munir for lunch at the White House, a major boost in ties with the country, which had largely languished under Trump's first term and Joe Biden. It was the first time a US president had hosted the head of Pakistan's army, considered the most powerful man in the country, at the White House unaccompanied by senior Pakistani civilian officials. Indian leaders have said Munir's view of India and Pakistan is steeped in religion. 'Tourists were murdered in front of their families after ascertaining their faith,' Indian foreign minister Subrahmanyam Jaishankar said in May, referring to the Kashmir attack. 'To understand that, you've got to also have a Pakistani leadership, especially their army chief, who is driven by an extreme religious outlook.' Pakistan says it is Modi who is driven by religious extremism, and that his brand of Hindu nationalism has trampled on the rights of India's large Muslim minority. Modi and the Indian government say they do not discriminate against minorities. Munir's meeting in the White House added to India's chagrin over Trump's repeated insistence that he averted nuclear war between the two nations by threatening to stop trade negotiations with them. The comment drew a sharp response from Modi, who told Trump that the ceasefire was achieved through talks between army commanders of the two nations, and not US mediation. In the days following his June 18 meeting with Munir, people from Modi's office and India's national security adviser's office made separate calls to their US counterparts to register a protest, two of the officials said. The protest has not been previously reported. 'We have communicated to the US our position on cross-border terrorism, which is a red line for us,' said a senior Indian official. 'These are difficult times ... Trump's inability to understand our concerns does create some wrinkle in ties,' he added, seeking anonymity due to the sensitivity of the matter. Trump and Munir discussed continuation of a counter-terrorism collaboration, under which the US has previously provided weapons to Pakistan, a non-NATO US ally, and talked about ways to further strengthen ties, a Pakistani readout of the meeting said. That raised concern in New Delhi that any arms Pakistan receives from the US could be turned on India if the neighbors end up in conflict again, two of the officials said. HARDER STANCE Despite what used to be public displays of bonhomie between Trump and Modi, India has been taking a slightly harder stance against the US in recent weeks, while trade discussions have also slowed, the Indian officials and an Indian industry lobbyist said. Modi declined an invitation from Trump to visit Washington after the G7 meeting in Canada in June. Earlier this month, New Delhi proposed retaliatory duties against the US at the World Trade Organization, showing trade talks were not going as smoothly as they were before the India-Pakistan clashes. India, like other nations, is trying to figure out a way to deal with Trump and is recalibrating ties with China as a hedge, said Harsh Pant, foreign policy head at India's Observer Research Foundation think tank. 'Certainly there is an outreach to China,' he said. 'And I think it is is also reaching out.' Last week, India's Jaishankar made his first visit to Beijing since a deadly 2020 border clash between Indian and Chinese troops. India is also making moves to ease restrictions on investments from China that were imposed following the 2020 clash. The thaw comes despite India's prickly relations with China and Beijing's close ties and military support to Pakistan. But New Delhi's concern about Trump's own engagement with China, which has ranged from conciliatory to confrontational, appears to have contributed to its shift in stance on Beijing. 'With an unpredictable dealmaker in the White House, New Delhi cannot rule out Sino-US rapprochement,' said Christopher Clary, an associate professor of political science at the University at Albany, New York. 'India is troubled by Chinese help to Pakistan and growing Chinese influence elsewhere in India's near abroad, such as Bangladesh. Yet New Delhi has largely concluded that it should respond to creeping Chinese influence by focusing its pressures on its nearest neighbors and not on China.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store