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The Enforcement Directorate has provisionally attached immovable assets worth around INR 1,700 crore in the Mahadev online betting app case. The properties are largely located in Dubai, including luxury units in Burj Khalifa, Dubai Hills Estate, and Business Bay, along with a few in New Delhi. These assets are linked to promoter Sourabh Chandrakar and his associates and are believed to have been purchased using proceeds from illegal betting activities. With this, the total value of attached assets in the case has crossed INR 4,300 crore, reflecting the scale of the investigation.
The Enforcement Directorate (ED) has provisionally attached immovable assets worth about INR 1,700 crore as part of its ongoing money laundering investigation into the Mahadev online betting app case. The action has been taken under the Prevention of Money Laundering Act (PMLA) by its Raipur office. Advertisement
A significant portion of these assets is located in Dubai, including premium real estate in Burj Khalifa. The attachment also covers high-end villas and residential units in Dubai Hills Estate, including projects such as Hills View, Fairway Residency, and Sidra. Additional properties have been identified in Business Bay and SLS Hotel & Residences. A smaller number of assets are also located in New Delhi.
The ED has linked these properties to Mahadev app promoter Sourabh Chandrakar and his associates. The agency indicated that the assets are held through various entities and individuals connected to the group, including Vikas Chhaparia, Rohit Gulati, Atul Arora, Nitin Tibrewal, and Surendra Bagri.
According to the investigation, these properties were acquired using proceeds generated from illegal online betting operations. The agency has stated that the Mahadev platform operated as a large syndicate that facilitated betting through multiple websites and applications, managing user onboarding and financial transactions at scale.
The probe has also found that the network followed a franchise-based model. Local operators managed betting panels across different regions, while a substantial share of the revenue was routed back to the main promoters. The funds were allegedly moved through a network of mule bank accounts, shell companies, hawala channels, and cryptocurrencies before being invested in high-value real estate assets in India and overseas.
The Mahadev app, which began operations in 2018, is estimated to have generated illegal proceeds of around INR 200 crore per day at its peak. Overall, the total suspected earnings from the operation are estimated to be close to INR 6,000 crore.
With this latest attachment, the total value of assets attached in the case has crossed approximately INR 4,336 crore. The ED has already filed multiple prosecution complaints and carried out several arrests as part of the investigation. Authorities have also been working to trace assets across jurisdictions and identify beneficiaries of the alleged proceeds.
Officials further indicated that efforts are ongoing to bring back the main accused, including Chandrakar and his associate Ravi Uppal, who are believed to have been operating from overseas locations.
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