Asset Attachment – News Analysis India

Mahadev Betting Scam: ED Seizes 27 Properties in India and Dubai

News Analysis India — Tue, 13 Jan 2026 00:00:00 +0000

In a fresh crackdown on the Mahadev Online Book syndicate, the Enforcement Directorate has frozen assets worth Rs 21.45 crore. This include 27 immovable properties like houses, shops, and luxury apartments across India and the UAE. The Raipur Zonal Office executed the attachment on January 10, 2026, under PMLA provisions. Promoters like Ravi Uppal and Rajat Kumar Singh are among those whose assets were seized. The ED’s investigation highlights a sophisticated operation where 70-75% of profits were retained by promoters while using thousands of mule accounts to launder money. So far, 13 individuals have been arrested, and 74 entities have been named as accused in the sprawling investigation.

ED Seizes Rs 3,084 Cr in Ambani Group Money Laundering Probe

News Analysis India — Mon, 03 Nov 2025 00:00:00 +0000

The Enforcement Directorate (ED) has taken a significant step in a money laundering investigation, provisionally attaching assets valued at approximately Rs 3,084 crore linked to the Reliance Anil Ambani Group. This action, taken on October 31, 2025, under the Prevention of Money Laundering Act, targets alleged diversion and laundering of public funds. The attached properties span across prime locations, including the iconic Pali Hill residence in Bandra West, the Reliance Centre in New Delhi, and numerous other assets in major cities like Mumbai, Delhi, Hyderabad, and Chennai, comprising office spaces, residential units, and land parcels. The ED’s investigation centers on funds raised by Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), which allegedly ended up being siphoned off. This move highlights a major crackdown on financial irregularities within the group, impacting its real estate and corporate holdings. The total value of the seized assets underscores the scale of the alleged financial misconduct.

ED Attaches Assets Worth ₹6.34 Lakhs of Raju Khan in SIMI-IM Funding Case

News Analysis India — Sat, 06 Sep 2025 00:00:00 +0000

The Enforcement Directorate (ED) has provisionally attached assets worth approximately ₹6.34 lakhs belonging to Raju Khan in connection with a terror funding case. This action was taken under the Prevention of Money Laundering Act. The case is linked to banned organizations like the Students Islamic Movement of India (SIMI) and the Indian Mujahideen (IM).

The investigation originated from an FIR registered at the Khamtarai police station in Raipur. The FIR alleged that certain bank accounts in India were being used to channel funds to terrorists at the behest of Khalid, a person based in Pakistan. The investigation revealed that a person named Dheeraj Sao, also known as Dheeraj Kumar, was utilizing several bank accounts at Khalid’s direction.

It is alleged that cash deposits were made by various individuals, and these funds were then transferred to individuals like Zubair Hussain, Ayesha Bano, and Raju Khan. In this entire network, Raju Khan was a key link. A total of ₹48.82 lakhs in cash was deposited into his bank account. Out of this, he forwarded ₹42.47 lakhs to individuals associated with SIMI and IM and retained approximately 13%, i.e., ₹6.34 lakhs, as commission.

According to the information available, the NIA had obtained evidence indicating that these funds were reaching terrorists associated with SIMI and the Indian Mujahideen. Dheeraj was arrested in Raipur in 2013. His cousin, Shrawan, was also apprehended at that time. Based on the inputs received from them, Zubair and Ayesha, residents of Mangalore, were also arrested, although Raju Khan was absconding at the time. Currently, all the accused in this case are in Raipur Central Jail.

So far, the ED has attached movable and immovable assets totaling ₹9.15 lakhs in this case. Further investigation is ongoing. The ED is trying to ascertain the involvement of other individuals in this matter.