The Enforcement Directorate (ED) has stepped up its investigation into the Mahadev online betting app case by attaching assets worth Rs 21.45 crore. This provisional attachment, executed under the Prevention of Money Laundering Act (PMLA), 2002, follows an order issued on January 10.
The move is part of broader efforts to tackle illegal betting and money laundering operations spanning multiple states in India. According to the ED, the attached assets include properties and investments generated from proceeds of crime linked to unlawful betting. The investigation targets a syndicate reportedly operating across Chhattisgarh, Madhya Pradesh, Rajasthan, and other regions.
The probe revealed that the Mahadev platform operated through a network of promoters, panel operators, and agents, facilitating illegal betting via digital channels. Funds from these operations were laundered through shell entities, benami accounts, and layered financial transactions, with 70–75% of profits routed to main promoters and the remainder distributed among subordinate agents.
Several individuals involved in managing accounts, promoting the platform, and overseeing operations have had their assets attached. Investigators also uncovered the use of multiple bank accounts and forged documents to conceal illicit fund movements.
The ED has conducted searches at numerous locations and traced financial trails amounting to thousands of crores. The latest attachment is part of ongoing efforts to dismantle the financial infrastructure of illegal betting networks, with further actions and attachments expected as the probe continues.
