ED Arrests Ebix Chairman Vikas Garg In Mahadev Betting App Case

The Enforcement Directorate has arrested Ebix Group Chairman Vikas Garg in connection with the ongoing investigation into the Mahadev online betting app case. Officials confirmed the arrest following a series of raids and ongoing scrutiny into financial irregularities linked to the platform. The agency successfully secured a 24-hour transit remand for Garg from a Tis Hazari court to facilitate further questioning and investigation.

The federal agency has intensified its crackdown on the Mahadev app syndicate, alleging massive money laundering activities involving hundreds of crores. As part of this operation, the ED reportedly seized assets worth Rs 940 crore associated with the network. Authorities are investigating how entities like Ebix may have facilitated financial transactions for the illegal betting operation, which has been under the scanner for laundering proceeds from illicit gambling.

The arrest marks a critical turn in the high-profile probe, which has already seen multiple individuals detained. The seizure of significant assets suggests a broader coordinated effort to dismantle the financial infrastructure supporting these offshore-linked betting apps. Observers expect the ED to seek further custody to track the trail of laundered funds, with potential implications for other corporate entities suspected of providing logistical or financial support to the betting cartel.