Mahadev Betting App Scam: ED Attaches ₹1,700 Cr in Dubai & Delhi Properties of Promoter Sourabh Chandrakar

The Enforcement Directorate (ED) has seized a sprawling portfolio of luxury assets valued at ₹1,700 crore, directly linking them to the proceeds of the massive Mahadev online betting operation. The action targets properties in Dubai and New Delhi held by Sourabh Chandrakar, identified as a key promoter and alleged mastermind of the scam, who was arrested in the UAE last year. This marks one of the most significant asset attachments in the ongoing money laundering probe.

The attached assets include 18 high-value properties in prime Dubai locations such as Dubai Hill Estate, Burj Khalifa, Business Bay, and the SLS Hotel & Residences, alongside two properties in Delhi. The ED stated these were purchased with illicit funds generated by the Mahadev Book platform and associated illegal betting sites. The properties were held in the names of entities controlled by Chandrakar and his associates, including Vikas Chhaparia, Rohit Gulati, Atul Arora, Nitin Tibrewal, and Surendra Bagri.

The latest seizure intensifies the financial pressure on the network's operatives and underscores the scale of capital flight and luxury spending financed by the scam. It signals the ED's deepening cross-border investigative reach, leveraging the Prevention of Money Laundering Act (PMLA) to trace and immobilize assets acquired through alleged crime proceeds. The case continues to expose the sophisticated financial architecture behind India's illegal online betting ecosystem.