The Enforcement Directorate (ED), Raipur Zonal Office, has taken a significant step against an illegal online betting syndicate by provisionally seizing properties valued at nearly Rs 1,700 crore in the Mahadev Online Book betting case. The ED, under the Prevention of Money Laundering Act (PMLA), 2002, has attached 18 luxurious immovable properties in Dubai and 2 prime properties in New Delhi in a recent Provisional Attachment Order (PAO) issued on March 24, 2026.
The Dubai assets, situated at prime locations, comprise high-value villas and apartments in Dubai Hills Estate, multiple high-end apartments in Business Bay, SLS Hotel & Residences, and apartments in the iconic Burj Khalifa. These properties are linked to Sourabh Chandrakar, a key promoter of the Mahadev Online Book betting application, and are held under entities controlled by him and his associates, including Vikas Chhaparia, Rohit Gulati, Atul Arora, Nitin Tibrewal, and Surendra Bagri.
Investigations by the ED have revealed that these valuable assets were acquired using proceeds from illegal online betting activities conducted through the Mahadev Online Book platform and other similar apps like Tiger Exchange, Gold365, and Laser247. The syndicate functioned as an international betting network with a franchise-based model across India, while the primary promoters, Sourabh Chandrakar and Ravi Uppal, oversaw operations from Dubai.
