Dikshit Gets Light Conviction


PartyGaming founder receives one year probabtion in New York court

In the case of one of the founders of online gambling giant, Party Gaming plc, Anurag Dikshit (39), initiated two years ago, a New York District Court finally handed down a verdict.

To start with, after he left the company, Dikshit independently negotiated a plea deal to enter a co-operation with US Department of Justice officials in regards to an investigation they were conducting. On the occasion he made a payment of $300 million in order to clean his personal slate, thereby delaying the sentence for two years.

It was reported by Forbes news that the New York District Court Judge Jed Rakoff sentenced Dikshit to one year’s probation but also expressed wonder why other prosecutions had not come before the courts - “Nobody else has been indicted,” said Judge Rakoff. “It has been two years since this defendant began co-operating, what’s going on?”

He was answered by Assistant U.S. Attorney Arlo Devlin-Brown, who stated that the investigation remains ongoing, adding that stated "there are challenges in this prosecution". In addition, Dikshit's legal representative, Mark Pomerantz, commented that he and his colleagues had discussed the confusing circumstances surrounding the case “hundreds of times.”

Pomerantz also underlined that Dikshit’s made the $300 million payment, adding that as a citizen of India with no ties to the U.S., he had originally been given legal advice that it was unlikely he would be charged, and even that if he was charged the chances of extradition were slim so “the acceptance of responsibility is extraordinary. He wanted to square his accounts with the U.S.”

After this issue, the US Justice Department and PartyGaming reached a settlement regarding its pre-UIGEA activities for $105 million. However, co-founders Ruth Parasol DeLeon and Russell DeLeon were not charged and as far as is known have not reached any settlement with the US authorities.

Since he sold his shares in PartyGaming, Dikshit is no longer related to the company; however the shares earned him a reported $450 million, allowing him to spend time on his Charity Foundation, Kusuma Trust.

General Gambling News Gambling Law & Society News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

1mins ago someone from United States played Taiga

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    20
  • Members Online
    318
  • Guests
    1,907
Highest Community Rated Online Casinos
NextCasino
  (142 Ratings)
Bet365 Games
  (160 Ratings)
Unibet Casino
  (123 Ratings)
CasinoLuck
  (214 Ratings)
Betsson Casino
  (204 Ratings)
Redbet Casino
  (136 Ratings)
Spin Palace Casino
  (111 Ratings)
Mr Green Casino
  (271 Ratings)
Betsafe Casino
  (177 Ratings)
Slotty Vegas
  (101 Ratings)
32 Red Casino
  (294 Ratings)
Guts Casino
  (167 Ratings)
Liberty Slots Casino
  (169 Ratings)
Winner Casino
  (329 Ratings)
Sin City Casino
  (93 Ratings)
BitCasino.io
  (166 Ratings)
ComeOn Casino
  (231 Ratings)
Vera John Casino
  (167 Ratings)
Intertops Red Casino
  (117 Ratings)
Intertops Casino Classic
  (106 Ratings)
BETAT Casino
  (188 Ratings)
Thrills Casino
  (125 Ratings)
Ladbrokes Casino
  (148 Ratings)
Royal Vegas Casino
  (128 Ratings)
Casumo
  (127 Ratings)
Jetbull Casino
  (100 Ratings)
Slotland
  (291 Ratings)
Whitebet Casino
  (87 Ratings)
InterCasino
  (131 Ratings)
Betfair Casino
  (201 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus