Mahadev Betting App Linked to Rs 80,000 Crore of Illicit Proceeds
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AI-generated summary of the coverage listed below: The Enforcement Directorate’s final chargesheet alleges that the Mahadev betting app has generated about Rs 80,000 crore in proceeds of crime over seven years, with promoters reportedly earning roughly Rs 11,400 crore annually. The illicit funds were allegedly transferred to Dubai and funneled into equity markets. The case also names EaseMyTrip co‑founder Nishant Pitti as a facilitator of the money laundering scheme. QUOTE: "promoters were generating proceeds of crime worth Rs 11400 cr per year." — Times Now
Covered by 2 outlets across the spectrum: 0% left, 0% center, 100% right.
Who is covering this story
- Right-leaning (1): Times Now
Sources
- Mahadev App Generated Proceeds Of Crime Worth Rs 80,000 Crore In Seven Years: ED — Times Now (right-leaning)
- Mahadev Betting App Case: ED Chargesheets EaseMyTrip Co-Founder; Rs 59.60 Cr Demat Shares Attached — Times Now (right-leaning)