Due to the limited authority of the police in seizing betting and gaming-related properties, the Enforcement Directorate (ED) has now taken over the investigation in the case of Deepak Thakkar, who was arrested in connection with the Madhavpura cricket betting scandal. 

According to K T Kamaria, the Deputy Superintendent of Police (DySP), the police have no authority to seize Thakkar’s properties, so they can gather all information about his assets and report it to the ED.

In Dubai, there is a regulation that foreigners cannot purchase property in their names. Thus, there is a possibility that Thakkar collaborated with Dubai citizens to invest in large amounts of property.

The police are also investigating Thakkar’s involvement in stock market investments.

Earlier, it was revealed that along with his family members, he acquired properties worth ₹100 crore in Ahmedabad, Deesa, and Bhabhar with the ownership registered under their names.

Also read:

₹100 crore properties of Deepak Thakkar exposed by SMC