India’s Enforcement Directorate has attached properties worth 918.2 million rupees and seized assets totaling 26 billion rupees while probing illegal betting operations linked to the Mahadev Online Book platform. Searches across more than 175 premises highlight the expanding scale of the money-laundering investigation.
India’s financial crime watchdog, the Enforcement Directorate (ED), has intensified its crackdown on illegal online betting by attaching assets worth 918.2 million rupees in connection with the Mahadev Online Book case. The action forms part of a wider money-laundering investigation under the Prevention of Money Laundering Act.
According to official disclosures, the ED conducted coordinated searches at more than 175 locations across multiple states. These operations led to the seizure of assets valued at approximately 26 billion rupees, indicating what authorities describe as a vast and sophisticated betting network operating through digital platforms and proxy entities.
The Mahadev Online Book platform is alleged to have facilitated illegal betting activities, routing proceeds through complex financial channels, including shell companies and benami accounts. Investigators are examining transaction trails, payment gateways, and overseas fund movements to establish the full extent of the operation and identify key beneficiaries.
Key Highlights
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Attached properties valued at 918.2 million rupees under anti-money laundering provisions
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Searches carried out at over 175 premises nationwide as part of coordinated action
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Seized assets worth around 26 billion rupees, reflecting the scale of alleged proceeds
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Focus on digital betting platforms, shell entities, and cross-border fund flows
The ED stated that investigations are ongoing and further attachments or seizures may follow as evidence is analyzed.
Sources: Enforcement Directorate of India, Reuters