ED Conducts Search at Premises Linked to Nished Wasnik in PMLA Probe.

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.