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1h ago

ED Attaches Rs 11.14 Crore in Assets of Suresh Raina, Shikhar Dhawan in 1xBet Probe

The provisional PMLA order awaits confirmation by the adjudicating authority.

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Suresh Raina and Shikhar Dhawan
Suresh Raina and Shikhar Dhawan were teammates in Indian cricket team | ANI File
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Overview

  • The attachment covers Rs 6.64 crore in mutual funds in Suresh Raina’s name and a Rs 4.5 crore immovable property linked to Shikhar Dhawan.
  • Investigators allege the cricketers knowingly endorsed 1xBet through foreign entities, with payments routed to disguise the illicit origin of funds.
  • ED says 1xBet and surrogate brands operated in India without authorisation, using layered cross‑border transactions and surrogate advertising to target users.
  • The probe has traced a laundering trail exceeding Rs 1,000 crore, identifying over 6,000 mule accounts and KYC‑lax merchant onboarding at payment gateways.
  • Searches at four payment gateways yielded digital evidence, with more than 60 bank accounts and over Rs 4 crore frozen as inquiries into intermediaries and other endorsers continue.