Mahadev app case: ED conducts searches in several cities; seizes cash, securities worth crores

The Directorate of Enforcement (ED) last week conducted searches at various premises located in Delhi, Mumbai, Indore, Ahmedabad, Chandigarh, Chennai and Sambalpur (Odisha) under the provisions of Prevention of Money Laundering Act (PMLA), 2002, in Mahadev Online Book Betting App case, according to official sources.

The searches conducted on April 16, resulted in seizure of cash amounting to Rs 3.29 crore, freezing of securities/bonds/DEMAT accounts worth more than Rs 573 crore, besides seizure of various incriminating documents and electronic records.