The probe comes after Dwivedi’s lavish wedding on a Dubai cruise drew regulatory scrutiny.

ED officials conducted searches at ten locations across Lucknow, Unnao, and Delhi, seizing four luxury vehicles—including a Lamborghini Urus—cash, and documents.

Bank accounts, fixed deposits, and insurance-linked assets worth around Rs 3 crore (Dh1.23 million) have also been frozen, with movable assets valued at roughly Dh10 million provisionally attached.

The agency says Dwivedi allegedly promoted betting platforms online and funnelled proceeds through hawala networks into personal, family, and business accounts.

Investigators also claim he acquired properties abroad, particularly in Dubai, using these funds.

Dwivedi has reportedly left India and has not responded to multiple ED summons.