A major raid in April 2025 led to freezing of around ₹573 crore in securities, bonds, and DEMAT accounts tied to Mahadev Book. ED recovered ₹3.29 crore in cash and traced investments through shell FPIs. The investigation exposed how illicit stakes from online betting were re-routed into formal financial systems via Mauritius and Dubai entities https://mahadevbooki.in/blog/online-betting-mahadev-book/