Home / Sports / ED Seizes $11.4M in Assets from Cricketers Dhawan and Raina in Illegal Betting Probe
ED Seizes $11.4M in Assets from Cricketers Dhawan and Raina in Illegal Betting Probe
6 Nov
Summary
- ED attaches $6.6M of Suresh Raina's mutual fund investments and $4.5M property of Shikhar Dhawan
- Investigation uncovers over $150M in illegal betting transactions linked to 1xBet platform
- Celebrities including Yuvraj Singh, Robin Uthappa, Sonu Sood questioned in the case
As part of its ongoing investigation into the 1xBet offshore online betting money laundering case, India's Enforcement Directorate (ED) has attached assets worth $11.4 million belonging to cricketers Shikhar Dhawan and Suresh Raina.
The agency has so far unearthed illegal betting-related transactions of more than $150 million in this case. The attachment includes $6.64 million worth of mutual fund investments of Suresh Raina and a $4.5 million property of Shikhar Dhawan.
The ED has stated that the two cricketers knowingly entered into endorsement agreements with foreign entities to promote the 1xBet platform and its surrogate brands. Payments were routed through complex, layered transactions using thousands of mule accounts and foreign intermediaries to conceal the illicit origin of the funds.
In addition to Dhawan and Raina, other celebrities who have been questioned in this case include cricketers Yuvraj Singh and Robin Uthappa, as well as actors Sonu Sood, Urvashi Rautela, and Mimi Chkaraborty. The agency has advised the public to refrain from engaging with or promoting these illegal online betting platforms.
