Under 100 Words: A Compact Summary
The ED froze Rs 580 crore in holdings of Dubai-based operator Tibrewal linked to Mahadev app’s money laundering. The probe implicates Chhattisgarh officials; assets worth Rs 580.78 crore seized. Nine arrests made; Mahadev app funds allegedly used for bribes in Chhattisgarh. Two charge sheets filed against promoters, with a projected proceeds of crime at Rs 6,000 crore. Multiple raids conducted on February 28 (Mahadev Betting Scam).
- Following nationwide raids on February 28, the ED froze over Rs 580 crore security holdings of a Dubai-based “hawala operator” in the Mahadev app-related money laundering case.
- This includes Rs 3.64 crore in cash and valuables. The ED conducted searches at locations in Kolkata, Gurugram, Delhi, Indore, Mumbai, and Raipur on February 28.
- The ED investigation into the Mahadev online gaming app suggests the alleged participation of high-ranking politicians and bureaucrats from Chhattisgarh (Mahadev Betting Scam).
- According to a PTI report, the agency has identified Hari Shankar Tibrewal, a “hawala operator” residing in Dubai, who collaborated with Mahadev app promoters.
- Tibrewal also reportedly owned and operated an illegal betting app called “skyexchange.”
- The Enforcement Directorate (ED) has frozen security holdings valued at Rs 580.78 crore owned by Tibrewal under PMLA. During searches, the agency seized Rs 1.86 crore in cash and Rs 1.78 crore in valuables.
- Nine individuals have been arrested so far. The ED alleges that illegal funds from the Mahadev app were used for bribes in Chhattisgarh, the home state of the main app promoters.
- Two charge sheets have been filed, including against main promoters Sourabh Chandrakar and Ravi Uppal (Mahadev Betting Scam).
- The ED, having conducted multiple raids, estimates the proceeds of crime in this case to be around Rs 6,000 crore.
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