Mahadev case probe: Betting apps generated proceeds of around ₹43,000 crore in last 7 years, says ED
So far, the agency has filed five chargesheets against 74 persons and entities in the PMLA court at Raipur, Chhattisgarh.ED officials told HT that they mentioned these figures in their June 5 provisional attachment order submitted by its Raipur unit to the PMLA adjudicating authority in New Delhi. These assets, which include residential units, land parcels, equity shares and other securities, were allegedly purchased using laundered POC.ED officials said the attached assets belong to Garg who has since been arrested, members of his family and entities either owned or controlled by him. The aggregate POC generated by MOB and its other alleged allied platforms like Reddy Anna and FairPlay has been estimated at ₹4,000 to 5,000 crore per year “for the period from 2019 till date,” ED officials stated in their June 5 provisional attachment order.
- ▪So far, the agency has filed five chargesheets against 74 persons and entities in the PMLA court at Raipur, Chhattisgarh.ED officials told HT that they mentioned these figures in their June 5 provisional attachment order submitted by its Ra
- ▪These assets, which include residential units, land parcels, equity shares and other securities, were allegedly purchased using laundered POC.ED officials said the attached assets belong to Garg who has since been arrested, members of his f
- ▪The aggregate POC generated by MOB and its other alleged allied platforms like Reddy Anna and FairPlay has been estimated at ₹4,000 to 5,000 crore per year “for the period from 2019 till date,” ED officials stated in their June 5 provisiona
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Mahadev case probe: Betting apps generated proceeds of around ₹43,000 crore in last 7 years, says EDThe ED’s June 5 provisional attachment order pertained to assets worth ₹940.77 crore linked to Delhi-based businessman Vikas Garg.Updated on: Jul 28, 2026, 06:56:40 ISTBy Abhishek SharanPrefer HTon GoogleShare viaCopy link Mahadev Online Book (MOB) and associated platforms like Skyexchange and Lotus 365 have generated proceeds of crime (POC) in the range of ₹36,000 to ₹43,400 crore through alleged illegal betting operations in the last seven years, said Enforcement Directorate (ED) officials.This is the first consolidated provisional estimation of proceeds of crime of MOB and its allied betting platforms since ED began its investigation in October 2022.
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