Online Gambling co: Three Leaf Gold
Special Correspondent: A company named Ulka Games Limited smuggled that money into Singapore as dividends without paying income tax.
The amount of smuggled money is Tk 9.39 crore. The company created an app called Tin Patti Gold to collect money through mobile banking and later smuggle it abroad in various ways.
Sensational information that has emerged in an intelligence report of Bangladesh Financial Intelligence Unit (BFIU).
It has been found that Tin Patti Gold is an Android app. Through this, virtual gambling was going on 24 hours a day and night. Billions of chips (gambling coins) were traded on the virtual board every day. Hundreds of dealers spread all over the country were working to sell these chips. They used to open pages on various social media including Facebook and sell chips.
One crore chips were sold at Tk 75, 2 crore chips at Tk 150, 3 crore chips at Tk 225, 4 crore chips at Tk 300, 5 crore chips at Tk 375, 10 crore chips at Tk 710, 14 crore chips at Tk 1,000, 20 crore chips at Tk 1,000.
According to the BFIU report, Ulka Games Limited started operations in Bangladesh in 2019 with the permission of Registrar of Joint Venture Companies and Firms (RJSC), Dhaka North City Corporation and Bangladesh Investment Development Authority (BIDA). Its local capital was only one lakh taka and foreign capital was Tk 1.25 crore.
The shares of Singapore-based company Moonfrog Asia Pte Ltd were 99.99 percent (99 thousand 690 shares), the owner of this company, Birij Mohan Tayal, is a citizen of India. And only 1 share was owned by Jamilur Rashid, a citizen of Bangladesh. Initially, two other Indian nationals, Ankit Jain and Pushpesh Kumar, were involved in the ownership, but they resigned in March 2020.
On October 31 last year, the local partner of the company, Jamilur Rashid, was arrested by RAB. According to RAB, 9 lakh gamblers used to gamble through the app regularly. Chips worth around Tk 30 lakh were sold to them every day. About Tk 200 crore seized in this way is smuggled into India. Although operating in Bangladesh since 2017, Ulka Games Limited started its official journey by forming the company in 2019.
Tk One crore from Singapore’s Moonfrog Asia Pte Ltd as capital and Tk 3.71 crore for software consultancy from Indian company Moonfrog Labs Pvt. were sent to Bangladesh. From 2019 to November 2, 2022, deposits of Tk 406 crores and withdrawals of Tk 312 crores were made in 4 banks of Bangladesh. In 2021, Tk 29 crore were sent to Singapore as dividend from the withdrawn money. Later BFIU seized Tk 93.44 crore on suspicion of money laundering.The bank accounts are still frozen.
Surprisingly, Mohan Tayal was the sole signatory to Ulka Games Limited’s current account maintained in 3 banks and joint signatory in another bank, the money was withdrawn from the account under his signature. But according to the immigration police records, Tayal never came to Bangladesh.
But his signature was found in the resolution and audit report of the annual general meeting of the organization held in Dhaka. That is, he transacted as a bank without being physically present and the dividend money was sent to Singapore at his request. In the case of foreign nationals, even though there is a rule to keep a copy of the passport along with the visa in bank transactions, the banks have not followed that instruction. However, Bangladeshi partner Jamilur Rashid traveled to India 4 times from 2011-2017 and 13 times from 2018-2022.
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