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Maharashtra

Mahadev Betting Case: ED Attaches Assets Worth ₹387.99 Crore Linked To Illegal Betting Syndicate Operations

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Mumbai: The Enforcement Directorate (ED) stated on Saturday that its Raipur zonal unit has issued a Provisional Attachment Order under the Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs 387.99 crore in connection with the ongoing Mahadev Online Book betting case. The order, issued on December 5, 2024, marks a significant escalation in the ED’s crackdown on the syndicate’s illegal financial operations.

According to the ED statement, the attached assets include investments linked to one of the accused, Hari Shankar Tibrewal, through a Mauritius-based company, M/s Tano Investment Opportunities Fund. These investments, channeled via Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI), are part of a broader financial network facilitating the betting operations. In addition to these investments, several immovable properties located in Chhattisgarh, Mumbai, and Madhya Pradesh, belonging to the syndicate’s promoters and their associates, have also been seized.

The ED’s investigations have revealed that M/s Mahadev Online Book, an umbrella syndicate, has been running online platforms for illegal betting. The syndicate’s operations include enrolling new users, creating User IDs, and laundering money through a complex web of benami bank accounts, further complicating efforts to track the illicit funds.

As part of its ongoing investigation, the ED has seized and frozen assets, including cash amounting to Rs 19.36 crore and valuables worth Rs 16.68 crore. Additionally, movable assets, such as bank balances and securities, totaling Rs 1,729.17 crore, have been frozen. Earlier in the case, two Provisional Attachment Orders were issued, attaching assets worth Rs 142.86 crore. In total, the ED has seized, frozen, or attached proceeds of crime worth approximately Rs 2,295.61 crore.

In a breakthrough development, ED investigators uncovered that substantial funds generated from the betting business were being funneled into the stock market through a network of dummy companies. These companies, operated by several accused and absconding associates, were reportedly used to divert Rs 423 crore into stock portfolios as of February 29, 2024. Professional entry operators helped manipulate these funds, converting them into legitimate transactions through unlisted equity dealings, masking the illicit origins of the money.

So far, the ED has arrested 11 individuals in connection with the Mahadev Online Book betting case and has filed four Prosecution Complaints before the Hon’ble Special Court (PMLA) in Raipur. The investigation continues, with more arrests and seizures expected as financial probe authorities work to dismantle the syndicate’s operations and recover the illicit proceeds.

Maharashtra

Violence Erupts In Maharashtra’s Parbhani Over Alleged Insult Of Constitution; Tear Gas Shells Were Fired In Many Areas

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Violent protests took place for the second day in central Maharashtra’s Parbhani city on Wednesday over alleged vandalising of a replica of the Indian Constitution, police said.

Amid the bandh called by some organisations, a mob indulged in arson and police fired teargas shells in response, said a senior official.

The stone replica of the Constitution outside Parbhani railway station, set in front of a statue of Dr B R Ambedkar, was found to have been damaged on Tuesday, sparking protests.

Police arrested a man in connection with the incident, but protests resumed on Wednesday morning.

“Pipes outside a shop were set ablaze around 1 pm today. As the mob became violent, police fired tear gas shells and dispersed them,” said acting Superintendent of Police Yeshwant Kale.

The protesters were demanding that police should find who was behind Tuesday’s incident of vandalising, he told PTI.

Bandh was also observed in Vasmat area of the district, local police officials said.

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Crime

Kurla Bus Accident: Amid Probe, Viral Video Shows Another BEST Driver Buying Liquor From Wine Shop In Mumbai’s Andheri

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Mumbai: Amid the ongoing investigation into the tragic Kurla BEST bus accident that claimed seven lives, a shocking video has surfaced showing a BEST bus driver allegedly purchasing liquor while on duty. The incident reportedly occurred in Andheri West’s Versova area and was captured on video.

Video Shows Driver Buying Liquor

The clip shared on X by a user named Raj Maji, shows the driver halting an air-conditioned BEST bus, route A-259, which operates between Gorai Depot and Andheri Railway Station, outside a liquor store. With passengers still aboard, the driver is seen exiting the vehicle, purchasing liquor and returning with it onto the bus.

Following the release of this video, MNS leader Sandesh Desai commented on the Kurla accident in another video, drawing comparisons to this recent footage. Desai questioned the authorities about the measures they would take against such reckless behaviour.

7 Killed In Horrific Kurla Accident

This video has emerged just two days after the horrific accident in Kurla on SG Barve Road, where a BEST bus plowed through a bustling market. The crash, which occurred on Monday night, resulted in seven fatalities and left several others injured. The bus rammed into multiple vehicles and crushed people in its path, causing widespread devastation and grief.

Accused Driver Was Drunk, Claim Eyewitnesses

Initial reports from the Kurla incident suggest that the driver, identified as 54-year-old Sanjay More, may have been intoxicated during the crash, according to an IANS report. Eyewitness accounts have also raised suspicions of alcohol influence. However, investigations are ongoing to determine the exact cause of the tragedy, with authorities probing potential brake failure and human negligence.

Sanjay More, who operated the bus leased by the Kurla Bus Depot, was arrested and booked on charges including culpable homicide not amounting to murder. He was produced in court on Tuesday, where he was remanded to police custody until December 21.

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Crime

DRI Mumbai Busts Gold Smuggling Syndicate, Seizes 12.5 Kg Gold Worth ₹9.95 Crore; 6 Arrested

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Specific intelligence was received that a syndicate of airport staff employed at the food court at the international airport, Mumbai was involved in smuggling of gold by retrieving it from International transit passengers and delivering it outside the airport.

Consignments Intercepted

Acting on the intelligence, the officers of DRI Mumbai maintained surveillance at the airport and intercepted two such consignments of smuggled gold when they were being delivered outside the airport. 3 airport staff members who were delivering the gold and three receivers were also apprehended. 

On examination, 24 oval-shaped balls of gold dust in wax form were found in 8 pouches. On assaying, 12.5 Kg( Net Weight) of gold valued at Rs 9.95 Cr was recovered. 

Recovered 12.5 kg of gold dust in wax form valued at Rs 9.95 Cr was seized and all 6 persons were arrested, under the provisions of the Customs Act,1962.

With the apprehension of 6 persons, including 3 persons working at the airport in various capacities, a very big syndicate involved in gold smuggling has been busted. 

In the last two days, DRI Mumbai had seized approximately 36 Kg of smuggled gold, dealing a severe blow to the smuggling syndicates.

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