https://www.taxtmi.com/news?id=73847 A special PMLA court remanded Ebix Group chairman Vikas Garg to Enforcement Directorate custody in an investigation into alleged money laundering linked to online betting operations. The agency alleged that betting proceeds were routed through accommodation entries, shell entities and layered transactions into entities owned or controlled by Garg, and were used to acquire shares, securities and other assets. It also alleged dissipation or encumbrance of Ebix shares and an attempt to mortgage or sell property treated as proceeds of crime. en-us Wed, 15 Jul 2026 19:31:02 +0530 Wed, 15 Jul 2026 19:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73847 A special PMLA court remanded Ebix Group chairman Vikas Garg to Enforcement Directorate custody in an investigation into alleged money laundering linked to online betting operations. The agency alleged that betting proceeds were routed through accommodation entries, shell entities and layered transactions into entities owned or controlled by Garg, and were used to acquire shares, securities and other assets. It also alleged dissipation or encumbrance of Ebix shares and an attempt to mortgage or sell property treated as proceeds of crime. News - Wed, 15 Jul 2026 19:31:02 +0530 https://www.taxtmi.com/news?id=73847