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Wednesday, December 17, 2008

Indian gambler to forfeit $300m

An Indian millionaire who owns an Internet gambling company has pleaded guilty to violating US laws and has agreed to forfeit $300 million as part of the deal. The 37-year-old Anurag Dikshit, who is co-founder of the Gibraltar-based UK company PartyGaming, appeared in the southern district court here, and read a statement expressing regret for his actions.

Dikshit faced charges of using Internet to transmit inter state and foreign betting information, a charge which carries potential prison of two years, Financial Times reported.

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