ED Cracks Down on Mahadev Betting Scam: Rs 91.82 Cr Assets Attached in Money Laundering Probe

• ED's Raipur Zonal Office attached assets worth Rs 91.82 crore under PMLA 2002 in the Mahadev Online Book and Skyexchange.com illegal betting case.
• Bank balances exceeding Rs 74.28 crore linked to Mahadev Online Book promoters Saurabh Chandrakar, Anil Kumar Agrawal, and Vikas Chhapariya were attached.
• Assets worth Rs 17.5 crore belonging to Gagan Gupta, associate of Skyexchange.com owner Hari Shankar Tibrewal, were also attached.
• Illegal betting proceeds were laundered through fake KYC accounts, hawala, crypto, and re-invested in Indian stock market via FPIs with a 'cashback scheme'.
• ED has conducted over 175 raids, seized/frozen/attached Rs 2,600 crore, arrested 13 individuals, and named 74 entities.

Why It Matters: ED's massive crackdown reveals Mahadev betting scam's intricate money laundering network and asset attachments.