Assets worth Rs 1296 crore attached so far in Mahadev betting case
Raipur. The Enforcement Directorate (ED), which is investigating Mahadev Satta App, has so far seized Rs 1296 crore. Disclosing this, ED said that recently Rs 580 crore was seized after raids in Mumbai, Kolkata, Delhi, Indore and Raipur. Prosecution complaints in the case have been filed on 20 October 2023 and 1 January 2024. Nine accused have already been arrested in the case.
As part of the investigation being conducted against the illegal betting app “Mahadev Online Book”, the Enforcement Directorate (ED) recently conducted a massive search operation against the money laundering network in Kolkata, Gurugram, Delhi, Indore, Mumbai and Raipur and seized Rs 1.86 crore. Along with cash worth Rs 1.78 crore, valuables have been recovered. Along with this, income of Rs 580.78 crore has also been seized and identified.
The search resulted in the seizure of a large amount of incriminating evidence including digital data and identifying assets. ED started investigation on the basis of FIR registered by Chhattisgarh Police. Subsequently, other FIRs lodged by Visakhapatnam Police and other states were also taken on record. ED investigation into the case has revealed that Mahadev Online Book is being operated from Dubai, and is operated by giving franchise of “panels/branches” to its known associates at 70%-30% profit ratio.
The main promoter of Mahadev online book is also a partner/promoter in many online betting books like “Reddy Anna”, Fairplay etc. Large scale hawala operations are conducted to send betting income to off-shore accounts. ED found during investigation that Hari Shankar Tibrewal, a resident of Kolkata, who currently resides in Dubai, is a big hawala operator, and has partnered with the promoters of Mahadev Online Book. ED conducted searches at his known premises and the premises of his associates.
