ED Attaches Assets Worth Rs 11.14 Crore from Raina and Dhawan
The Enforcement Directorate (ED) has seized properties valued at Rs 11.14 crore belonging to former Indian cricketers Suresh Raina and Shikhar Dhawan. The action is part of an ongoing money-laundering investigation involving the operations of an alleged illegal betting platform, 1xBet.
Details of the Attachment
According to official sources, the ED issued a provisional order under the Prevention of Money Laundering Act (PMLA). The order includes the attachment of an immovable property owned by Shikhar Dhawan worth Rs 4.5 crore and a mutual fund investment of Suresh Raina valued at Rs 6.64 crore.
Agency Findings
The federal agency’s investigation concluded that both former cricketers "knowingly entered into endorsement agreements with foreign entities for the promotion of 1xBet and its surrogates."
The ED claims these endorsements were intended to promote the betting site and related brands, allegedly in violation of Indian financial and advertising regulations.
Current Status
The attachments are provisional and subject to further legal review as the investigation continues. No immediate response from Raina or Dhawan has been reported.
Author’s summary: The ED has attached assets worth Rs 11.14 crore from ex-cricketers Raina and Dhawan for alleged ties to the illegal betting site 1xBet, pending further inquiry.