ED Seizes ₹388 Crore in Latest Crackdown on Mahadev Online Betting Syndicate

The Enforcement Directorate has attached assets linked to illegal betting operations, bringing total seizures in the case to ₹2,295.61 crore.

The Enforcement Directorate (ED) has issued a Provisional Attachment Order under the Prevention of Money Laundering Act (PMLA), seizing assets worth ₹387.99 crore in the Mahadev Online Betting case.
The seized assets include investments channeled through a Mauritius-based company, Tano Investment Opportunities Fund, as well as properties in Chhattisgarh, Mumbai, and Madhya Pradesh linked to syndicate operators.
Investigations revealed that the Mahadev Online Book app facilitated illegal betting, user enrollment, and money laundering through a network of benami bank accounts and dummy companies.
The total value of seized or frozen assets in the case now stands at ₹2,295.61 crore, including cash, valuables, and movable assets such as bank balances and securities.
The ED has arrested 11 individuals, filed four chargesheets, and summoned Bollywood celebrities for questioning as part of its ongoing probe into the syndicate's operations.