In Sept 2023, the ED froze assets worth ₹417 crore from 39 locations linked to Mahadev Book’s illegal online betting operations. The agency reported a layered network of benami accounts and hawala, with promoters managing the app from Dubai while distributing profits via franchise models. The massive seizure was a blow to the syndicate’s money-laundering infrastructure https://mahadevbooki.in/blog/online-betting-mahadev-book/