Newsplus21
Enforcement Directorate has carried out searches against the money laundering networks linked with Mahadev app in cities like Kolkata, Bhopal, Mumbai etc and retrieved large amount of incriminating evidences and has frozen/seized proceeds of crime worth Rs 417 Crore.
The company allegedly promoted by Saurabh Chandrakar and Ravi Uppal, operating from Dubai, was allegedly using the online book betting application to enrol new users, create user IDs and launder money through a layered web of benami bank accounts.
ED sources said that the company promoters hail from Bhilai of Chhattisgarh and Mahadev app is an umbrella syndicate arranging online platforms for enabling illegal betting websites.
