The Enforcement Directorate has intensified its crackdown on an illegal online betting network associated with the Mahadev betting app case. On January 10, 2026, a fresh provisional attachment order was issued, leading to the seizure of movable and immovable assets valued at approximately Rs 21.45 crore. These assets include residential houses, commercial shops, agricultural land parcels, and luxury apartments in India and Dubai.
This action is part of a broader investigation initiated following multiple FIRs filed in Chhattisgarh, Andhra Pradesh, and West Bengal. The probe uncovered a significant betting syndicate operating through platforms like Tiger Exchange, Gold365, and Laser247. The network operated on a franchise-style model, with local associates managing individual panels while main promoters Sourabh Chandrakar and Ravi Uppal oversaw operations from Dubai.
The investigation revealed that the promoters retained a substantial portion of the profits, with the rest distributed to panel operators. The illicit funds were allegedly laundered through numerous dummy bank accounts created using the KYC details of unsuspecting individuals. To date, the Enforcement Directorate has conducted searches at over 175 locations, resulting in the seizure, freezing, or attachment of assets totaling around Rs 2,621 crore.
Several key figures in the network, including Ravi Uppal, Rajat Kumar Singh, Saurabh Ahuja, Vishal Ramani, Vinay Kumar, Honey Singh, Lucky Goyal, and Raja Gupta, had their properties linked to the illegal activities attached. The agency has arrested thirteen individuals and named 74 entities as accused in five prosecution complaints. Efforts are ongoing to dismantle the financial infrastructure of the syndicate, with potential extradition proceedings against the Dubai-based promoters being considered.
