National

Mahadev Betting App Case: ED Files First Chargesheet

The Enforcement Directorate (ED) has filed its first chargesheet in connection with its money laundering investigation into the recent Mahadev betting app case that emerged in Chhattisgarh.

The federal probe agency filed a prosecution complaint before the special Prevention of Money Laundering Act (PMLA) court in Raipur on Friday.

The chargesheet includes 14 individuals, including the alleged primary promoters of the Mahadev Book app, Sourabh Chandrakar and Ravi Uppal, as well as Vikas Chhapariya, Chandrabhushan Verma, Satish Chandrakar, Anil Dammani, Sunil Dammani, Vishal Ahuja, Dheeraj Ahuja, Srijan Associates through Punaram Verma, Shiv Kumar Verma, Punaram Verma Shiv Kumar Verma, Yashoda Verma, and Pawan Nathani, as per the sources.

Sourabh Chandrakar and Ravi Uppal have previously denied any wrongdoing.

The chargesheet’s operative section is 197 pages long, with approximately 8,800 additional pages of annexures.

The projected proceeds from the alleged crime in this case are estimated to be about Rs 6,000 crore, according to the sources.

The court is anticipated to take cognizance of the chargesheet at the next hearing scheduled for November 25, they noted.

The ED had previously disclosed that its investigation had revealed that Mahadev Book is managed from a central head office in the UAE.

It operates by franchising “panel/branches” to their known associates on a 70-30 profit-sharing ratio, the agency had stated.

“Large-scale hawala operations are conducted to divert the proceeds of betting to offshore accounts. Substantial cash transactions are also carried out in India to advertise betting websites and self-aggrandisement, which is necessary to attract new users and franchise (panel) seekers,” the agency stated.

 

Nunnem Gangte

Recent Posts

Centre Opposes Ex-Judges Panel To Monitor Stubble Burning In SC

The Centre on Friday opposed a proposal in the Supreme Court to form a committee…

6 hours ago

“It’s A Celebration For Us”: Delhi HC Bar Association Felicitates CJI Sanjiv Khanna

The Delhi High Court Bar Association on Friday honored Chief Justice of India Justice Sanjiv…

7 hours ago

International Criminal Court Issues Arrest Warrant For Israeli PM Netanyahu

The International Criminal Court has recently issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu,…

7 hours ago

Cal HC Stays Demolition Of Illegal Constructions In WB’s Mandarmoni

The Calcutta High Court on Friday granted an interim stay on the demolition of alleged…

8 hours ago

SC To Pass Order On Pleas To Efface Words ‘Secular’, ‘Socialist’ From Preamble

The Supreme Court on Friday announced that it would deliver its order on November 25…

8 hours ago

Air Pollution: SC Questions Delhi Govt On Truck Entry Amid GRAP-4 Restrictions

The Supreme Court raised concerns on Friday about the "drastic" consequences of the GRAP Stage…

8 hours ago