Within the 1800-page supplementary prosecution grievance (PC), equal to a chargesheet, the Enforcement Directorate (ED) has named Bollywood singers and a comic who’ve carried out at a private occasion of the absconding Mahadev app promoters.
In response to the chargesheet, comic Ali Asghar and music composer and singer duo Sachin-Jigar carried out on the birthday get together of the Mahadev app promoters held at Lodge Versace, Dubai, in June 2023.
The organiser of the get together revealed that absconding accused Anil Agrawal, also referred to as Atul Agrawal and a detailed affiliate of Saurabh Chandrakar, had contacted them for the design planning and execution of the get together, for which the organisers obtained ₹4-4.5 crore. The organisers organized for Asghar and Sachin-Jigar to carry out within the get together.
In response to the sources, throughout the investigation, the ED thought-about the comic and the singers as witnesses, just like different celebrities within the case who have been summoned earlier.
The Free Press Journal staff tried to contact Asghar and Sachin-Jigar a number of occasions, however didn’t get a response until the publication of the report.
Bollywood and tv celebrities beneath scanner
The federal anti-money laundering company had beforehand summoned a mess of distinguished Bollywood and tv business celebrities, together with Ranbir Kapoor, Shraddha Kapoor, Huma Qureshi, Heena Khan, comic Kapil Sharma and Sunil Grover. They have been implicated within the alleged promotion, endorsement, appearances and performances for the illicit Mahadev betting app and varied subsidiaries related to the promoters. A number of Bollywood celebrities have been discovered performing within the Mahadev app betting kingpin Saurabh Chandrakar’s marriage, and they’re at the moment beneath ED scrutiny.
The investigation revealed Agrawal’s function in a syndicate aiming to utilise betting proceeds within the inventory market and buy belongings in India and Dubai on behalf of kingpin Chandrakar and Ravi Uppal.
Cash laundering path uncovered
In the course of the investigation, ED discovered that Agrawal holds 49% shares within the Dubai-based entity, M/s Exim Basic Buying and selling FZCO, whereas the remaining 51% shares have been held by Vikas Chhaparia, one other shut affiliate of Chandrakar. This firm was discovered to be closely investing within the Indian inventory market beneath the Overseas Portfolio Funding (FPI) route, and these investments have already been frozen by the ED.
ED additionally found that Agrawal utilised the betting cash proceeds to buy belongings in India and Dubai. Additional investigation revealed that his brother, Amit Agrawal, was buying properties price crores in India by arranging financial institution entries in opposition to money. It was discovered that Amit Agrawal bought a plot price ₹1.1 crore in 2021. Moreover, his spouse, Priti Agrawal, acquired a plot price ₹1.75 crore in Could 2022. The investigation revealed that each of those purchases have been made on the instruction of Anil Agarwal. The funds used for these purchases have been traced again to betting cash, which was despatched by a number of routes to transform the betting funds into belongings.
