Cracking Down: The Mahadev Betting Scandal Unfolds
The Enforcement Directorate arrested Govind Kumar Kedia, a Kolkata-based broker, in the Mahadev online betting money laundering case. Kedia allegedly assisted in investing proceeds of crime, linked to top officials in Chhattisgarh. Properties worth Rs 2295.61 crore have been seized in a sweeping investigation involving multiple arrests.
- Country:
- India
The Enforcement Directorate (ED) has intensified its investigation into the Mahadev online betting scandal, leading to the arrest of a Kolkata-based broker, marking the 12th arrest in this high-profile case.
The broker, Govind Kumar Kedia, was detained on December 6. The ED alleges that Kedia, along with others, knowingly assisted in investing and earning profits from proceeds of crime associated with the notorious Mahadev App.
The ED's extensive operation has uncovered connections to top politicians and bureaucrats from Chhattisgarh, seizing properties worth Rs 2295.61 crore. The agency continues to dismantle the syndicate facilitating illegal online betting.
(With inputs from agencies.)
ALSO READ
ED Summons KT Rama Rao in Hyderabad Formula-E Money Laundering Case
Enforcement Directorate Seizes Assets in Maharashtra Money Laundering Case
Fighting Financial Crimes: New Alliance Against Money Laundering
FIU-IND and IRDAI Sign MoU to Strengthen Anti-Money Laundering and Combating Terror Financing in the Insurance Sector
High-Profile Investigation: KTR Faces Questioning in Hyderabad Money Laundering Case