Mahadev App Case: The ‘Hawala Operator’s’ assets worth Rs 580 crore are frozen by the ED
Mahadev App Case
Mahadev App Case: These raids took place on February 28 in a number of cities, including Raipur, Mumbai, Delhi, Kolkata, Gurugram, and Indore.
In the Mahadev app-related money laundering case, the Enforcement Directorate (ED) has acted decisively by freezing security assets worth more than Rs 580 crore that belonged to a “hawala operator” in Dubai. According to official sources on Friday, the ED has also confiscated cash and valuables worth Rs 3.64 crore during recent raids.
Mahadev App Case: These raids took place on February 28 in a number of cities, including Mumbai, Raipur, Delhi, Kolkata, Gurugram, and Indore. Prominent Chhattisgarh politicians and officials are allegedly involved in the Mahadev online gambling and betting app, according to the ED’s ongoing investigation into the app.
One of the main suspects in the case is Hari Shankar Tibrewal, a Kolkata native who now lives in Dubai and is allegedly connected to the Mahadev app’s promoters. Furthermore, Tibrewal is purported to be the owner and operator of the “skyexchange” app, an allegedly illicit betting app.
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The ED, acting under the provisions of the Prevention of Money Laundering Act (PMLA), has reportedly frozen security holdings worth Rs 580.78 crore that are believed to be owned by Tibrewal.
The agency has found valuables valued at Rs 1.78 crore and cash worth Rs 1.86 crore during these searches.
The ED claims that the money obtained illegally through the Mahadev app was used to bribe politicians and bureaucrats in Chhattisgarh, the home state of the app’s primary founders and operators, and nine arrests have been made in the investigation thus far.
Mahadev App Case: Targeting Sourabh Chandrakar and Ravi Uppal, the main promoters of the purportedly illicit betting and gambling app, the ED has already filed two charge sheets in the case. Before these latest raids, the organization has carried out several search operations.
Based on the ED’s assessment, the estimated proceeds of crime in this case are around Rs 6,000 crore.
