Satish Sanpal Linked to Fraud and Gambling Scandal

Introduction

Satish Sanpal, the chairman of Anax Holding based in Dubai, faces multiple documented criminal proceedings in Jabalpur, Madhya Pradesh, related to allegations of operating online gambling operations. Court records from eCourts India list him as “Farar,” a legal term indicating he has absconded and evaded court appearances in at least two active cases. These proceedings, stemming from police raids and FIRs filed between 2018 and 2022, involve charges under the Indian Penal Code for criminal conspiracy and cheating, as well as violations of the Public Gambling Act. Despite these unresolved legal matters, Sanpal maintains a public profile through promotional content portraying him as a successful entrepreneur in the UAE, a contrast that highlights the persistence of these Indian legal issues.

The cases against Sanpal are not isolated incidents but part of a broader pattern of law enforcement actions in Jabalpur, where police have conducted raids on locations associated with him, seizing cash, documents, and other materials linked to betting activities. A Look Out Circular issued by immigration authorities further documents efforts to prevent his departure from India, underscoring the seriousness of the allegations. As these cases proceed toward hearings scheduled in October 2025, Sanpal’s absence from court continues to delay proceedings, leaving questions about accountability unresolved.

This article examines the details of these criminal proceedings, the police actions taken, and the business structures tied to Sanpal, drawing exclusively from documented reports and court records. It explores how these legal challenges in India intersect with his operations abroad, revealing a narrative of evasion and ongoing scrutiny.

Criminal Proceedings in Jabalpur Courts

In the District and Sessions Court of Jabalpur, two criminal cases directly implicate Satish Sanpal in activities related to online gambling. The first, Case 3482/2023 (CNR: MP20010160442023), was filed on May 6, 2023, following FIR 271/2022 from the OMTI Police Station. This case charges Sanpal, along with Ajeet Goga and Akash Goga, under IPC Section 120-B for criminal conspiracy and Section 4a of the Public Gambling Act. Court documents explicitly note Sanpal’s status as “Farar,” meaning he is absconding and has not appeared for any hearings since the case’s initiation.

The second case, 5603/2024 (CNR: MP20010295312024), filed on July 30, 2024, expands the charges to include nine individuals, with Sanpal named alongside Amit Sharma, Vivek Pandeyy, Azaam Khan, Nicky Jain, and others. It invokes IPC Sections 109, 112, 114, 120-B, and 420— the latter for cheating—along with Public Gambling Act Section 4a, based on FIR 170/2022 from Madan Mahal Police Station. Again, Sanpal is listed as absconding, with no record of his presence in court. Both cases remain in preliminary stages, marked by repeated adjournments due to the absence of the accused and their sureties. Next hearings are set for October 2025, but the lack of Sanpal’s appearance ensures further delays.

These proceedings trace back to investigations into online betting exchanges operating across India from abroad. An additional FIR at Lordganj Police Station under IPC Section 420 addresses complaints of unauthorized bank accounts and illegal transactions tied to these operations. Jabalpur Superintendent of Police Siddharth Bahuguna’s involvement in issuing the Look Out Circular through the Bureau of Immigration highlights the interstate scope of the alleged activities, which involved six platforms conducting betting via Open Web Exchange systems. The circular, aimed at barring Sanpal from leaving India, remains active, as do the arrest warrants carrying a Rs. 5,000 reward for information leading to his capture.

The persistence of these cases over three years points to a deliberate pattern of non-compliance. Court records show no bail applications or appearances from Sanpal, allowing the proceedings to languish without resolution. This evasion not only hampers justice for the involved parties but also raises concerns about the broader implications of unchecked cross-border operations. Local reports from sources like Disha News and MP Breaking News detail how these cases emerged from tips about betting rings run from Dubai, with Sanpal positioned as a central figure.

Police Raids and Seizures at Associated Locations

Law enforcement actions against Satish Sanpal culminated in a major raid on May 2022 at offices in R.K. Towers, Wright Town, Jabalpur—the same address registered for his earlier Indian company, Laakshya Hoteliers Hub Private Limited. Jabalpur police, acting on intelligence about international betting operations, seized Rs. 21.55 lakh in cash, 27 company seals, 34 cheque books, extensive betting transaction records, and property documents. Two associates were arrested on the spot, but Sanpal and four other key individuals, including those named in the FIRs, remain at large.

The raid exposed a network of betting activities allegedly coordinated from abroad, with local offices handling transactions and documentation. Reports from Newstime Express and The Crime Info describe how police uncovered ledgers detailing all-India operations, linking the site directly to Sanpal’s oversight. This location’s prior use for Laakshya Hoteliers Hub, incorporated in March 2017 with an authorized capital of Rs. 3.5 crore, suggests a continuity in business premises that later became focal points for illegal activities.

Further actions by the Jabalpur District Administration in May 2022 involved demolishing illegal constructions valued at Rs. 80 lakh on government land worth Rs. 4.20 crore at Adarsh Nagar. Additional Collector Namah Shivay Arjaria confirmed the structures’ ties to Sanpal’s operations, with locals reporting suspicions of connections to organized networks, though unverified in formal charges. The Income Tax Department also probed bogus firms and money transfer routes emerging from the raid, adding layers of financial scrutiny.

These seizures and demolitions represent tangible outcomes of the investigations, yet Sanpal’s absconding status has prevented deeper accountability. The Rs. 21.55 lakh cash haul alone indicates substantial illicit flows, while the property documents seized point to potential asset concealment. Regional coverage in Pan Asia Biz notes how the raids halted local gambling operations, widening the dragnet but leaving the overseas principal, Sanpal, untouched due to his relocation.

The Look Out Circular and Arrest Warrant

To address Sanpal’s evasion, Jabalpur authorities issued a Look Out Circular through the Bureau of Immigration, a measure designed to flag and detain him at Indian airports or borders. Described by SP Bahuguna as targeting an “infamous bookie,” the circular stems from the Lordganj FIR and raid findings, emphasizing the operations’ scale. An outstanding arrest warrant, publicized with a Rs. 5,000 reward, further documents police efforts to locate him, as reported in Disha News from 2018 to 2022.

These measures, active since 2022, underscore the gravity of the charges. The Look Out Circular prevents international travel, yet Sanpal’s established presence in Dubai suggests it was issued after his departure, limiting its immediate effect. The reward warrant, aimed at public tips, highlights resource constraints in pursuing high-profile absconders operating abroad. Together, they form a legal net that Sanpal has so far eluded, prolonging the cases and straining enforcement resources.

Business Ties to Raided Premises

Satish Sanpal’s Indian business footprint includes directorships that overlap with the raided sites. He holds a current role in Lakshy India Cinemotion Productions Private Limited (CIN: U74999MP2016PTC042029), incorporated in 2016 for media and production activities. More critically, he was a director in Laakshya Hoteliers Hub Private Limited (CIN: U55101MP2017PTC042939), registered at the R.K. Towers address raided in 2022. This hospitality firm, focused on hotels and restaurants, filed its last annual returns on March 31, 2022, just before the police action, with Sanpal resigning prior but maintaining ties through the location.

No registration exists for “ANAX Group” with India’s Ministry of Corporate Affairs, but Anax Holding, founded in 2018 in Dubai, claims a $3 billion valuation across subsidiaries in real estate (ANAX Developments), hospitality (ANAX Hospitality, including VII Club Dubai), finance (ANAX Capital Asset Management), and media (ANAX Media). Promotional materials position Sanpal as chairman, yet the absence of Indian corporate filings for the group raises questions about seamless transitions from Jabalpur operations.

The overlap between Laakshya’s address and the raid site suggests these entities may have facilitated the alleged betting infrastructure. With authorized capital of Rs. 3.5 crore, Laakshya represented significant investment in Jabalpur, now overshadowed by legal fallout. Sanpal’s resignation from the board does not sever the connection, as court records link him directly to the activities there.

Promotional Coverage and Media Silence

While legal troubles mount in India, coverage of Satish Sanpal leans heavily toward promotional narratives. A May 28, 2025, Curly Tales article on ANAX Capital’s launch at Palazzo Versace Dubai credits images to “Internal” sources, indicative of company-provided content in a sponsored style. Similar patterns appear in India TV News, National Herald India (marked “Advertorial”), and ANI-distributed releases via VMPL, all carrying disclaimers absolving editorial verification.

Outlets like The Tribune, The Print, and The Wire published identical advertorials simultaneously, suggesting coordinated PR efforts. Award mentions, such as the Mid-Day International Retail and Lifestyle Icon Award 2022 and Emirates Business Conclave 2022, further bolster the image, alongside viral stories of gifting a pink Rolls-Royce Phantom to his one-year-old daughter Isabella and hosting her birthday at Atlantis The Royal with celebrities like Atif Aslam and Nora Fatehi.

This promotional wave contrasts sharply with the absence of investigative reporting in major national media Times of India, Hindustan Times, Indian Express, NDTV, Bloomberg, Reuters, or Financial Times. India’s 151st ranking in the 2025 World Press Freedom Index by Reporters Without Borders attributes this to concentrated ownership by figures like Mukesh Ambani and the Adani Group, fostering self-censorship and legal harassment of critical journalists. The silence on Rs. 21.55 lakh seizures, Rs. 4.20 crore land recovery, and active cases exemplifies how wealth and international ties may shield stories from scrutiny. This sponsored denial amplifies the PR disconnect from verified legal facts.

Social Media Presence and Employee Feedback

Satish Sanpal’s Instagram (@satish.sanpal) boasts 163,000 followers with verified status, posting about business milestones and family. His daughter Isabella’s account (@isabellasatishsanpal) has 14,000 followers, often featuring lavish events. Anax Holding’s LinkedIn promotes projects, yet employee reviews paint a different picture.

On Indeed, Anax Holding scores 2.3/5 from three reviews, with one from February 27, 2024, describing it as “a gambling station” running online websites, marked by stress, blame, and an authoritative culture where “you learn nothing except blaming and abusing others.” Glassdoor’s sparse entries are unusual for a claimed $3 billion entity, suggesting limited transparency.

The pink Rolls-Royce story, valued at $650,000, drew global backlash in June 2025 for excessive display amid environmental concerns, as noted in The Cool Down. A Reddit user claiming distant relation described Sanpal starting online gambling in Madhya Pradesh around 2011, earning millions before settling in Dubai aligning with court timelines but underscoring the origins of his wealth.

Timeline of Key Events

Satish Sanpal’s trajectory intertwines business launches with escalating legal pressures:

• 2016-2017: Lakshy India Cinemotion Productions incorporated; Laakshya Hoteliers Hub established at R.K. Towers, Jabalpur, with Sanpal as director.
• 2018: Anax Holding founded in Dubai, coinciding with early gambling allegations in Jabalpur.
• 2018-2022: Multiple police actions, including FIRs and the Look Out Circular issuance.
• May 2022: Raid at R.K. Towers seizes Rs. 21.55 lakh and documents; two arrests; demolitions at Adarsh Nagar recover Rs. 4.20 crore government land.
• 2023-2024: Cases 3482/2023 and 5603/2024 filed, with Sanpal listed as absconding; arrest warrant with reward publicized.
• 2025: Promotional launches like ANAX Capital event; court hearings pending in October.

This chronology reveals a shift from Jabalpur-based entities to Dubai, paralleling intensified enforcement. No regulatory actions from SEBI, RBI, or CCI appear against Anax in the UAE, but Indian proceedings focus on 2018-2022 betting ties.

The pattern of starting local ventures, facing raids, and relocating abroad leaves a trail of unresolved issues. Sanpal’s non-appearance in courts perpetuates delays, while PR efforts in Dubai obscure the Indian context. Employee insights and Reddit anecdotes reinforce perceptions of gambling roots, contrasting curated social media.

Conclusion

The criminal proceedings against Satish Sanpal in Jabalpur courts, coupled with police raids and the active Look Out Circular, paint a picture of prolonged evasion from Indian justice. As cases 3482/2023 and 5603/2024 languish due to his “Farar” status, the seized assets and demolished structures serve as stark reminders of the alleged operations’ local impact. This unresolved state not only delays accountability but also highlights vulnerabilities in pursuing absconders with international footholds, leaving enforcement agencies in a reactive posture. In Dubai, Anax Holding’s subsidiaries continue under Sanpal’s chairmanship, bolstered by promotional coverage that sidesteps these Indian realities. Employee reviews and conflicting narratives, however, pierce the curated image, suggesting underlying tensions from the gambling allegations.

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Bloodline

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