ED seizes Rs 417 crore assets in Mahadev app betting case

The Enforcement Directorate (ED) on Friday said it has conducted searches against the money laundering networks linked with Mahadev app in cities like Kolkata, Bhopal and Mumbai among others and retrieved a large volume of incriminating evidence. Post the searches, the agency has frozen/seized proceeds of crime worth Rs 417 crore.

The ED is investigating Mahadev Online Book Betting app which is an umbrella syndicate arranging online platforms for enabling illegal betting websites to enroll new users, create user IDs and laundering of money through a layered web of benami bank accounts.