Key Details of the Investigation
The Allegations: The probe, initiated under the Prevention of Money Laundering Act (PMLA), stems from an FIR registered by the West Bengal Police. Dwivedi is accused of playing a significant role in promoting illegal betting platforms (such as Sky Exchange) and laundering "Proceeds of Crime" (POC) through hawala channels.
Modus Operandi: Investigations reveal that Dwivedi used his massive social media following to steer users toward illegal gambling apps. The illicit earnings were allegedly funneled into real estate investments in Dubai and credited to bank accounts of his family members and shell companies without legitimate justification.
Current Status: Dwivedi is currently reported to be in Dubai. He recently made headlines for his lavish cruise wedding in the UAE. Despite multiple summons from the ED, he has failed to appear for questioning.
Major Seizures and Frozen Assets
During the raids, the ED seized high-value assets believed to be acquired from the proceeds of crime:
Luxury Vehicles: A Lamborghini Urus (worth over ₹4 crore), a Mercedes-Benz, a BMW Z4, a Ford Endeavour, and a Mahindra Thar.
Cash & Evidence: Approximately ₹20 lakh in cash, along with a cache of incriminating digital devices, hard disks, and over 500 pages of property documents.
Frozen Assets: Movable assets, including bank balances, insurance policies, and Fixed Deposits (FDs) totaling nearly ₹3 crore, have been frozen.