Mahadev-app case: ED attaches fresh assets including of main promoter Saurabh Chandrakar https://www.taxtmi.com/news?id=66717 ED issued a provisional order under the Prevention of Money Laundering Act attaching about Rs 92 crore in bank deposits and properties linked to entities traced to alleged promoters of the Mahadev online betting scheme. The agency alleges the app enabled multiple illegal betting platforms, laundered proceeds abroad via hawala, trade-based transactions and crypto, routed funds back as foreign portfolio investments, and operated a cashback mechanism requiring promoters to return 30-40% in cash. en-us Wed, 07 Jan 2026 21:16:03 +0530 Wed, 07 Jan 2026 21:16:04 +0530 TaxTMI RSS Generator Mahadev-app case: ED attaches fresh assets including of main promoter Saurabh Chandrakar https://www.taxtmi.com/news?id=66717 ED issued a provisional order under the Prevention of Money Laundering Act attaching about Rs 92 crore in bank deposits and properties linked to entities traced to alleged promoters of the Mahadev online betting scheme. The agency alleges the app enabled multiple illegal betting platforms, laundered proceeds abroad via hawala, trade-based transactions and crypto, routed funds back as foreign portfolio investments, and operated a cashback mechanism requiring promoters to return 30-40% in cash. News - Wed, 07 Jan 2026 21:16:03 +0530 https://www.taxtmi.com/news?id=66717