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Online gambling tycoon pleads guilty

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CIOL Bureau
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NEW YORK, USA: The co-founder of a popular Internet gambling company, Anurag Dikshit has pleaded guilty on Tuesday to violating the federal wire act.

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Dikshit was accused of using the Internet for the purpose of transmitting interstate and foreign wagering information.

Under the prosecution Dikshit faces two years of imprisonment and fine of $250,000, but was granted bail on a bond of $15 million.

"I came to believe it was in fact illegal under the US law and I have taken full responsibility for my actions," said Dikshit in his appearance before the US court.

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The former managing director of Gibraltar based online party gaming website, agreed to pay $300 million as part of cooperation deal in installments and has signed an agreement with the US District Court in Manhattan.

A resident of United Kingdom, 37-year-old Dikshit started the party gaming web site in 1997, which offered poker, casino and other gambling games. He directed the company's computer operations, developed a proprietary software platform, and also was a principle shareholder from 1998 to 2006.

He was estimated to be worth of $1.6 billion last year and was listed one among the world's richest men by Forbes magazine in 2006. 

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