ED Freezes Assets Worth ₹580 Crore in Mahadev App Money Laundering Case

GG News Bureau
New Delhi, 1st March. The Enforcement Directorate conducted fresh raids in connection with the Mahadev online gaming and betting app money laundering case.

Security holdings totaling over ₹580 crore belonging to a Dubai-based hawala operator, Hari Shankar Tibrewal, have been frozen under the Prevention of Money Laundering Act (PMLA).

Tibrewal, identified as a key figure in the case, is alleged to have partnered with the promoters of the Mahadev app and operated an illegal betting app named skyexchange.”

“The raids, conducted across various locations including Kolkata, Gurugram, Delhi, Indore, Mumbai, and Raipur on February 28, resulted in the seizure of cash and valuables worth ₹3.64 crore. The Enforcement Directorate has so far arrested nine individuals in connection with the case, which reportedly involves high-ranking politicians and bureaucrats from Chhattisgarh.”

“The agency has previously filed two charge sheets against the main promoters of the Mahadev app, Sourabh Chandrakar and Ravi Uppal. The alleged illegal funds generated by the app were purportedly used for paying bribes in Chhattisgarh. The Enforcement Directorate estimates the proceeds of crime in this case to be around ₹6,000 crore.”