Gurugram-based startup Probo has released an official statement following recent raids conducted by the Enforcement Directorate and the seizure of assets worth Rs 284 crore. The company confirmed that it is fully cooperating with law enforcement authorities and expressed confidence in coming out stronger from the ongoing investigation.
“In light of recent developments, we would like to assure all stakeholders and the public that Probo is cooperating with law enforcement authorities in the ongoing inquiries,” a spokesperson from the company said.
Probo described its platform as a “nascent-yet-transformative” technology and reiterated its commitment to India’s regulatory system. The company stated, “We remain confident that our commitment to compliance and innovation will help us emerge stronger. We have complete faith in India’s robust regulatory framework and its vision for responsible tech innovation.”
Probo operates what it describes as a skill-based platform and India’s leading information marketplace. According to the company, more than 4.2 crore users have accessed the platform, which is aimed at offering wealth creation opportunities beyond traditional financial systems.
The company further assured that it adheres to all applicable laws and regulations, highlighting user safety and trust as its top priorities.
The Enforcement Directorate’s action is part of a wider investigation into alleged illegal online betting activities being carried out under the name of opinion trading. Probo is one of several platforms currently being examined as part of this probe.
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