ED Makes Headway in Mahadev Online Betting Case: Promoters’ Movement Restricted

ED Makes Headway in Mahadev Online Betting Case: Promoters' Movement Restricted

VoM News Desk | December 27, 2023 | 12:31 PM IST | Breaking News, Crime | Follow on Google News

ED Makes Headway in Mahadev Online Betting Case: Promoters’ Movement Restricted (Representative Image)

ED Makes Headway in Mahadev Online Betting Case: Promoters’ Movement Restricted

The Enforcement Directorate (ED) achieved another significant breakthrough as Dubai authorities put restrictions on Saurabh Chandrakar, one of the two promoters of the Mahadev online betting app under ED investigation.

The move aligns with ongoing discussions between Dubai authorities and Indian agencies, particularly the ED, investigating the Mahadev Book online betting syndicate case under the Prevention of Money Laundering Act (PMLA), as per reliable sources. Chandrakar is suspected to be the key figure behind the betting syndicate.

This development follows the detention of Ravi Uppal, the other Mahadev App promoter, by Dubai authorities nearly two weeks ago.

Uppal is entangled in a money laundering investigation led by the ED, with allegations implicating outgoing Chhattisgarh Chief Minister Bhupesh Baghel.

Dubai Police apprehended Uppal based on a Red Corner notice issued against him at the ED’s behest.

It’s been communicated that Dubai authorities are willing to deport Uppal, wanted in India for his alleged involvement in money laundering activities worth approximately Rs 6,000 crore.

Red Corner notices were issued against both Uppal and Chandrakar in October this year.

The notices followed the ED’s successful pursuit of a non-bailable warrant against them from a special court in Raipur.

The recent development highlights Chandrakar’s lavish wedding in the UAE earlier this year, where approximately Rs 200 crore was spent entirely in cash.

The Enforcement Directorate flagged this extravagant event, revealing that Chandrakar arranged private jets to transport family members from Nagpur to the UAE and hired celebrities for performances.

Mahadev Online Book Betting app is alleged to have orchestrated a network facilitating illegal betting operations through a web of benami bank accounts.

ED investigations have spotlighted Chandrakar and Uppal, residents of Bhilai in Chhattisgarh, as the main promoters operating out of Dubai.

The agency carried out searches in multiple locations, seizing assets valued at Rs 417 crore in Raipur, Bhopal, Mumbai, and Kolkata.

ED’s international investigations are also underway, backed by earnest efforts to probe overseas aspects of the case. Moreover, a PMLA special court in Raipur issued non-bailable warrants against the suspects.

VoM News Desk

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