₹3,800-crore assets seized in Mahadev betting app case: ED
The Enforcement Directorate has seized assets worth ₹3,800 crore linked to the Mahadev Online Book betting scam. The agency is currently pursuing the extradition of the alleged kingpin, Saurabh Chandrakar, from Oman.
Why it matters
This represents a major crackdown on illegal online gambling syndicates and money laundering networks operating across international borders.
The Enforcement Directorate (ED) on Friday (July 10, 2026) said that the total value of properties “attached, seized and frozen” in the illegal betting operations case involving Mahadev Online Book and others has gone up to approximately ₹3,800 crore.
The agency said its Raipur Zonal Office attached movable and immovable properties worth ₹941 crore belonging to businessman Vikas Garg, his family members and entities linked to him under the provisions of the Prevention of Money Laundering Act, 2002.
“The attached properties include residential properties, land parcels, equity shares and other securities. The attachment forms part of the ongoing money laundering investigation in the Mahadev Online Book / Skyexchange illegal online betting case,” said an ED official, adding that this was in addition to the movable and immovable properties worth ₹2,825 crore, including foreign assets, that “had been attached/seized/frozen in this case earlier.”
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