ED Seizes Rs 580 Crore Securities, Rs 3.64 Crore Cash in Mahadev App Money Laundering Case

New Delhi, March 01 - The Enforcement Directorate (ED) has seized securities worth Rs 580 crore and cash and valuables worth Rs 3.64 crore from a Dubai-based hawala businessman in connection with the money laundering case related to Mahadev App.

In a statement shared on Friday, the Enforcement Directorate revealed that securities worth Rs 580 crore and assets worth Rs 3.64 crore of a Dubai-based hawala businessman have been seized in the money laundering case related to Mahadev App. The ED had conducted raids at over 15 locations, including Kolkata, Gurugram, Delhi, Indore, Mumbai, and Raipur on February 28, as part of this case.

The investigation into the Mahadev online gaming and betting app has allegedly uncovered the involvement of various high-ranking leaders and bureaucrats from Chhattisgarh, according to the ED. During the raids, the Central Investigation Agency has targeted a money laundering network associated with the Mahadev Online Book, seizing cash worth Rs 1.86 crore, Rs 1.78 crore, and proceeds of crime worth Rs 580.78 crore.

The Enforcement Directorate stated that a significant amount of incriminating evidence, including digital data and identification of properties, has been seized during the searches. The total seizure and freezing in this case now amount to Rs 1296.05 crore.

The agency's investigation focuses on a money laundering case involving "Mahadev Online Book," which allegedly facilitates illegal betting websites in enrolling new users, creating user IDs, and laundering funds through a complex network of anonymous bank accounts.