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Mahadev app case: ED freezes Rs 580 cr of Dubai-based hawala operator
Updated On: 01 March, 2024 12:34 PM IST | Mumbai | Faizan Khan
The Enforcement Directorate (ED) is investigating a case against “Mahadev Online Book”, which is an umbrella syndicate arranging online platforms for enabling illegal betting websites to enrol new Users, create User IDs and laundering of money through a layered web of benami Bank accounts
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The Enforcement Directorate (ED) has frozen security holdings of more than Rs 580 crore of a Dubai-based "hawala operator" after fresh raids in the Mahadev app case.
The Enforcement Directorate (ED) is investigating a case against “Mahadev Online Book”, which is an umbrella syndicate arranging online platforms for enabling illegal betting websites to enrol new Users, create User IDs and laundering of money through a layered web of benami Bank accounts. ED has recently conducted widespread searches against the money laundering networks linked with Mahadev Online Book in Kolkata, Gurugram, Delhi, Indore, Mumbai & Raipur and retrieved cash of Rs 1.86 crore, valuables worth Rs. 1.78 crore and has also frozen/identified proceeds of crime worth Rs 580.78 crore. The searches also resulted in the seizure of a large number of incriminating evidence including digital data and identification of assets.
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