The Enforcement Directorate has provisionally seized properties worth approximately ₹1,700 crore in the Mahadev online betting case. In a press release issued on March 25, the Raipur Zonal Office of the ED stated that the action was taken under the Prevention of Money Laundering Act.
The agency has seized 18 immovable properties in Dubai and two in New Delhi, including luxury villas and apartments in Dubai Hills Estate, Business Bay, SLS Hotel and Residences, and Burj Khalifa.
The ED stated that the properties belong to Sourabh Chandrakar, a key promoter of the Mahadev betting application, and are held in the names of his associates. Investigations revealed that the assets were acquired from the proceeds of crime generated through illegal online betting. The syndicate operated internationally through multiple platforms and was controlled from Dubai. So far, searches have been conducted at over 175 locations, with 13 arrests made. Further investigation is in progress.
