ED files chargesheet in Mahadev Betting App case

The Enforcement Directorate (ED) has filed a comprehensive chargesheet in the Mahadev Betting App case before a Special Court in Raipur on Friday, October 20. The 197-page chargesheet was filed by Raipur Zonal Office of the Enforcement Directorate. 

The chargesheet has been filed under Prevention of Money Laundering Act and the agency has relied upon a whopping 8,887 pages of documents to substantiate its case. The projected proceeds of crime in the case is Rs 6,000 crore, making it one of the most substantial money laundering investigations in recent history.

The ED has named 14 persons in the case, which includes Sourabh Chandrakar, Ravi Uppal, Vikas Chhapariya, Chandrabhushan Verma, Satish Chandrakar, Anil Dammani, Sunil Dammani, Vishal Ahuja, Dheeraj Ahuja, Srijan Associates through Punaram Verma, Shiv Kumar Verma, Yashoda Verma, Pawan Nathani. The Special Court PMLA has scheduled the next hearing in this case for November 25, 2023. 

During the investigation, the agency had frozen and seized assets worth Rs 417 crore. "The ED has recently conducted widespread searches against the money laundering networks linked with Mahadev APP in cities like Kolkata, Bhopal, Mumbai, etc. and retrieved large amount of incriminating evidences and has frozen/seized proceeds of crime worth Rs 417 crore," the agency has alleged in a statement. The ED investigation has shown that Mahadev Online Book App is run from a central head office in the UAE, officials said. It operates by franchising “Panel/Branches” to their known associates on 70-30 per cent profit ratio, the ED said.