Daijiworld Media Network - New Delhi
Raipur, Mar 25: The Directorate of Enforcement (ED), Raipur Zonal Office, has delivered a major blow to the illegal online betting syndicate by provisionally attaching properties worth nearly Rs 1,700 crore in the high-profile Mahadev Online Book case.
In a Provisional Attachment Order (PAO) issued on March 24, 2026, under the Prevention of Money Laundering Act (PMLA), 2002, the ED attached 18 luxury properties in Dubai (UAE) and two prime assets in New Delhi. The Dubai properties include high-end villas and apartments in Dubai Hills Estate (Hills View, Fairway Residency, Sidra), premium apartments in Business Bay, units in SLS Hotel & Residences, and apartments in the iconic Burj Khalifa.
The attached assets belong to Sourabh Chandrakar, a key promoter of the Mahadev Online Book betting platform, and are held in the name of entities controlled by him and associates including Vikas Chhaparia, Rohit Gulati, Atul Arora, Nitin Tibrewal, and Surendra Bagri.
ED investigations revealed that these properties were purchased using proceeds from large-scale illegal online betting operations through Mahadev Online Book and other apps like Tiger Exchange, Gold365, and Laser247. The syndicate operated internationally with a franchise-based model across India, while Chandrakar and Ravi Uppal managed operations from Dubai. They allegedly retained 70–75% of profits, distributing the rest among panel operators.
Illicit funds were layered through thousands of mule bank accounts, transferred abroad via hawala networks and cryptocurrency, and invested in luxury real estate in India and the UAE.
So far, the ED has conducted searches at over 175 premises, arrested 13 individuals, and filed five prosecution complaints involving 74 accused before the Special PMLA Court in Raipur. Applications under the Fugitive Economic Offenders Act have been filed against Sourabh Chandrakar, Ravi Uppal, Anil Agrawal, and Shubham Soni.
With this latest attachment, the total value of properties seized or attached in the case has reached approximately Rs 4,336 crore. The ED reaffirmed its commitment to dismantle the illegal betting network and its international financial operations. Further investigations are ongoing.