- विज्ञापन -
Jaipur: ED has started taking action against those who operate the Mahadev Betting App related to betting. During the raid at the house of a dry fruit trader in Jaipur, the ED has found many documents that have links to properties. ED claims that the game of investing black money in companies of other countries and then investing the same amount in companies related to itself is being played.
Actually, on April 16, ED raided 60 locations of Mahadev Betting App across the country (Jaipur, Raipur, Ahmedabad, Delhi, Mumbai). During the raid, ED recovered Rs 3.29 crore in cash. ED has seized these. At the same time, security of Rs 573 crore and money kept in a demat account have also been seized.
During this period, ED found documents of investment in fake firms and companies from flat number 503 in Apple Apartments, Jaipur. ED has seized these documents for further action.
While sharing information with the media about this raid, ED said- During the investigation from all points, ED officials found cash worth Rs 3.29 crore. It has been seized. At the same time, information about the security and demat account worth Rs 573 crore has been received. It has also been seized.
Jaipur Raids Uncover Key Evidence
A significant breakthrough came from Jaipur, where the ED raided the residence of a dry fruit trader in Apple Apartments, Sodalala. Investigators recovered crucial documents indicating large-scale property investments and links to several shell companies, including Vikas Infotech. According to ED, these firms were being used to recycle black money by routing it through overseas entities and reinvesting it into Indian Businesses linked to the same beneficiaries.
A Growing Network of Influence
ED officials revealed that many prominent businessmen from Rajasthan, especially Jaipur, were closely involved with the Mahadev Betting App. Documents seized are now being scrutinized to identify the full extent of their involvement.
The betting platform has allegedly been one of the India’s largest illegal online gambling networks in recent years, enabling transactions worth crores of rupees through its app and website. The platform offers betting on sports like cricket and football, and it has built a vast and sophisticated national network.
A Nationwide Web of Fraud
This isn’t ED’s first brush with the Mahadev Network. Last year, the agency has seized properties worth crores and arrested several key players in the betting syndicate. with the latest raids, ED has itensified its probe into the digital betting underworld and its deep connections with influential figures across India.
Officials says Investigations are ongoing and more arrests and property seizures are likely in the coming days.
