Hyderabad, Feb. 19 -- The Directorate General of GST Intelligence (DGGI), Hyderabad, on Thursday, February 19, arrested Pankaj Kumar, founder and director of Adsum Advisory Service Private Limited, for allegedly facilitating illegal online gaming operations.

Kumar's firm provides fraud detection and customer verification services, including digital know your customer (KYC), for financial institutions.

The GST authorities uncovered an organised syndicate worth Rs 13,000 crore operating illegal online gaming websites with the help of fintech companies, including payment aggregators, payment gateways and third-party technology service providers.

Kumar is alleged to be one of the masterminds behind fraudulent KYC verification of merchants ...