ED probes travel firm over suspected links in Mahadev betting app case

The Enforcement Directorate (ED) is continuing its investigation into the Mahadev betting app case, with a travel services company among the entities under review.

 

According to official sources, certain payments made by the firm are being examined as part of the inquiry. The agency has not yet confirmed any direct link between these transactions and the alleged betting operations.

 

Cash Seizure Under Scrutiny

 

Earlier this year, ED officials conducted searches at premises linked to the company, recovering Rs 7 lakh in cash. Authorities are reviewing whether this amount is connected to the ongoing investigation.

 

The ED is also assessing information about communication between the firm and an individual suspected of involvement in stock market irregularities. This aspect of the case concerns access to beneficial shareholding details (Benpos), which are generally disclosed on a quarterly basis.

 

 

Company’s Position

 

The company has issued a statement denying the allegations, describing them as unfounded and without merit.

 

It added that it follows all applicable laws, adheres to corporate governance standards, and is cooperating fully with authorities to ensure a transparent review of the facts.

 

Additional Evidence Being Analysed

 

The ED’s submission also mentions digital material obtained from an accused individual in the case. Investigators allege that some of this data reflects communication regarding shareholding details.

 

The matter is currently before the adjudicating authority under the Prevention of Money Laundering Act (PMLA) and remains at the investigation stage. No findings have been confirmed by the court.

 

Background on the Mahadev Online Book Case

 

The Mahadev Online Book case involves allegations of large-scale illegal betting on sports, games, and other events. Authorities allege that the network operated through multiple websites and private communication channels, making it difficult to trace transactions.

 

The operation reportedly extended across India, with alleged links to overseas organisers. The ED’s interest in the case increased following scrutiny of high-value events abroad that raised questions about potential international money movements.