As part of the Enforcement Directorate’s investigation into the Mahadev online betting app case, the Agency has seized assets worth about ₹1,700 crore. This is part of an ongoing investigation into claims that the app is used to launder money and run illegal betting businesses. The move is intended to seize properties and money obtained through crime, according to authorities.
The seized properties are very valuable and are located in India and other countries. Officials say it’s one of the biggest attachment operations this year, linked to an online betting scam.
High-end homes in India and Dubai
18 properties in Dubai were seized. These include villas and high-end apartments in popular areas like Dubai Hills Estate, Business Bay, and SLS Hotel and Residences. Some of the attached properties are in the famous Burj Khalifa. This is a very unusual case because it involves real estate in other countries.
Two properties in New Delhi, India, have also been added. Officials say these assets are high-end investments made with money from illegal betting businesses. Those homes that were taken back in Dubai alone are worth hundreds of crores of rupees.
Read also: Gurugram 32nd Avenue CEO Held in Multi-Buyer Property Scam
Take me to Key Accused page
The attached assets are linked to Saurabh Chandrakar, one of the main people behind the Mahadev betting app. The properties were held in the names of businesses that he and his friends controlled. Ravi Uppal is another promoter who works with the network. Both of them are from Chhattisgarh.
For several months, the authorities have been monitoring their financial dealings, which include links to other countries. During the investigation, several other people linked to the app have also been found. The seizure shows how big the operations were and how much money was stashed abroad.
How the Mahadev App Network Works
Investigators found that the Mahadev app was operated by a well-organized network using a franchise model. Local operators made it easier for people to place bets, and the promoters were paid via digital transactions. Reports say the network targeted people across several Indian states, promising them big profits if they joined.
The Enforcement Directorate’s investigation showed how complex the network was. A lot of ads for the app were posted on social media, and money transfers went through several channels to obscure its source. Authorities said the operations were big and well-run by professionals, which is why such valuable assets were seized during the investigation.
Read more: ED attaching Rs 441 Crore assets in liquor scam case
Steps for enforcement and what will happen next
The ₹1,700 crore worth of attached assets are likely to be used in court cases related to anti-money laundering laws. They made it clear that more attachments could occur as the investigation progresses, both in India and in other countries.
People are interested in this case because it involves real estate from around the world, including apartments in one of the world’s most expensive buildings. The government said it is also working with foreign agencies to ensure that assets located outside India are recovered.
The Enforcement Directorate said this was a big step toward stopping illegal betting and money laundering. Officials stressed that such large-scale operations are closely monitored and that people engaging in illegal activities can’t get away with it.
A versatile writer mainly works on trending news, daily updates from politics, business, crime, current affairs and entertainment.
