ED Conducts Search at Premises Linked to Nished Wasnik in PMLA Probe.
Court / Authority
Indirect Taxes and Customs (CBIC)
Update / Judgement Date
15 Jun 2026
Source
WCP News Bulletin
Author
Sakshi Bhardwaj — WCP Legal Desk
Reading Time
1 min read
View Count
1
Background
The Enforcement Directorate (ED), Raipur Zonal Office, conducted search operations on January 11, 2026, at multiple locations associated with Mr. Nished Wasnik, in connection with an ongoing investigation under the Prevention of Money Laundering Act, 2002 (PMLA). The inquiry relates to the alleged diversion and layering of proceeds of crime generated from illegal online betting syndicates.
Search Outcome and Evidence Collected
During the searches, ED teams examined residential and business premises linked to Wasnik. Electronic devices, financial records, digital storage devices and supporting documents were seized for forensic analysis. Preliminary findings indicate that Wasnik was involved in the Mahadev Online Betting network’s financial transactions, including possible use of bank accounts and mobile wallets to facilitate layering of illicit funds. The operation is part of a broader effort by ED to dismantle complex money-laundering structures associated with online betting platforms. Further investigation is in progress.
Full Judgement / Attachment
Full Judgement
Frequently asked questions about Indirect Taxes and Customs (CBIC)
- What is the CBIC?
- The Central Board of Indirect Taxes and Customs (CBIC), in the Department of Revenue, Ministry of Finance, administers customs, central excise and the Central GST and IGST. It issues notifications, circulars and instructions that field formations follow.
- How do importers and exporters file customs documents?
- Bills of entry and shipping bills are filed electronically through ICEGATE, the CBIC's customs e-commerce gateway. Most bills of entry are assessed under the Faceless Assessment system.
- How do I appeal against a customs order?
- A first appeal lies to the Commissioner (Customs Appeals) within 60 days, with a pre-deposit of 7.5 per cent of the duty in dispute. A further appeal lies to the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) within three months, with a pre-deposit of 10 per cent.
- Where are CBIC notifications published?
- Notifications and circulars on customs, GST and central excise are published on the CBIC website (cbic.gov.in) and in the Gazette of India, under separate series for tariff and non-tariff notifications.
- How can White Collar Professional help with a customs or CBIC matter?
- Post your requirement on White Collar Professional to receive proposals from verified Chartered Accountants, customs brokers and Advocates, compare them, and pay securely through the platform. This page also tracks the latest customs or CBIC CBIC and customs updates as they are reported.
