₹3,800-crore assets seized in Mahadev betting app case: ED

📌 Summary:

• The Enforcement Directorate (ED) said on July 10, 2026 that the total value of properties "attached, seized and frozen" in the Mahadev Online Book illegal betting case has risen to about ₹3,800 crore
• ED's Raipur Zonal Office attached movable and immovable properties worth ₹941 crore belonging to businessman Vikas Garg, his family and linked entities
• Action taken under the Prevention of Money Laundering Act (PMLA), 2002

🎯 UPSC Relevance: GS3 Internal Security — money laundering through online betting/gaming platforms; use of PMLA and ED's attachment powers against organised financial crime

📝 Prelims Facts:

• ED enforces PMLA, 2002 and FEMA, 1999
• Under PMLA, "proceeds of crime" can be provisionally attached, later confirmed by the Adjudicating Authority
• Mahadev Online Book is an illegal offshore betting syndicate

🔑 Key Term: Attachment of property under PMLA — provisional seizure of assets suspected to be proceeds of crime, pending adjudication and confiscation