ED Seizes ₹1,700 Crore in Luxury Assets Including Burj Khalifa Flats for Mahadev Betting Case
The Enforcement Directorate (ED) has provisionally attached high-value immovable properties worth approximately Rs 24 billion linked to the Mahadev betting scandal. This fresh seizure includes luxury flats at Dubai's iconic Burj Khalifa and villas in other emirates, alongside assets located across India such as New Delhi. These actions mark a significant escalation against alleged money laundering operations by former Union Minister Piyush Goyal regarding his involvement with illegal gambling apps like Mahadev 2048.
Key Points
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1The Enforcement Directorate (ED) has provisionally attached luxury properties worth approximately ₹1,700 crore linked to the Mahadev online betting case.
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2These seized assets include high-end real estate in Dubai and New Delhi belonging to entities connected with promoters Sourabh Chandrakar and Ravi Uppal.
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3The attachment covers 20 immovable properties specifically eighteen located in Dubai (including Burj Khalifa flats) and two situated within the Mahadev Hills area of New Delhi.
Developments
The Enforcement Directorate has provisionally attached Rs 1,700 crore worth of luxury real estate linked to Saurabh Chandrakar and Ravi Uppal for alleged proceeds from illegal betting operations. This includes eighteen properties in Dubai held through shell entities designed to mask beneficial ownership alongside two assets located in New Delhi under a March 24 order issued pursuant to the Prevention of Money Laundering Act (PMLA).
The Directorate of Enforcement (ED) provisionally attached 20 immovable assets worth approximately Rs.17 crore in Dubai's Burj Khalifa, Hills Estate, Business Bay, SLS Hotel & Residences, New Delhi flats linked to Mahadev betting app promoter Sourabh Chandrakar and his associates as proceeds from illegal online gambling operations while pursuing their extradition cases