ED Freezes Rs 11.14-Crore Assets of Ex-Cricketers Suresh Raina, Shikhar Dhawan in Betting Case
The Enforcement Directorate (ED) has taken action against former cricketers Suresh Raina and Shikhar Dhawan as part of a money-laundering investigation related to an alleged illegal betting platform.
Asset Attachment Details
- A provisional order under the Prevention of Money Laundering Act (PMLA) was issued to attach assets worth Rs 11.14 crore.
- Dhawan's immovable property valued at Rs 4.5 crore was attached.
- Raina's mutual fund worth Rs 6.64 crore was also attached.
Investigation Findings
The ED's probe revealed that both cricketers "knowingly" entered into endorsement deals with foreign entities connected to the betting platform 1xBet and its affiliates.
"The federal agency’s probe has found that both the former cricketers 'knowingly' entered into endorsement agreements with foreign entities to promote 1xBet and its surrogates."
Previous Proceedings
Earlier in August, Raina appeared before the ED when summoned regarding the 1xBet case. His statement was recorded under the PMLA to clarify his association with the betting app.
Author’s summary: The ED has frozen Rs 11.14 crore worth of assets belonging to ex-cricketers Raina and Dhawan amid a probe into their endorsements connected to the online betting company 1xBet.