Mahadev case probe: Betting apps generated proceeds of around ₹43,000 crore in last 7 years, says ED

Indian authorities are probing the Mahadev online betting platform, which allegedly generated around 430 billion rupees (approximately $5.1 billion) over the last seven years. The Enforcement Directorate (ED) has taken action, provisionally attaching assets worth 9.4 billion rupees (approximately $113 million) that are linked to Delhi-based businessman Vikas Garg.

The ED's provisional attachment order, issued on June 5, targets assets connected to Garg. This move is part of a larger investigation into the operations of the Mahadev betting app, which is suspected of facilitating illegal betting and money laundering.

The scale of the alleged financial activity highlights the significant challenge authorities face in regulating online gambling and financial crimes. The investigation aims to uncover the full extent of the network and recover illicit proceeds.