SUBMIT PHOTO: Sourabh Chandrakar, declared kingpin of the Mahadev online wagering app racket, was remanded in ED custody till November 19.|Picture Credit: ANI
The Enforcement Directorate (ED) has actually informed a court here that the prohibited operations of the Mahadev online wagering app and associated cash laundering activities were still continuing, and the earnings of criminal offense were approximated to have actually gone beyond Rs 92,000 crore.
The main company on Friday looked for seven-day custody of the supposed kingpin of the racket, Sourabh Chandrakar, from the unique court for Prevention of Money Laundering Act (PMLA) cases.
His interrogation was essential to decipher the cash path, recognize completion usage of the earnings of criminal activity and establish information of “wagering panels” that are still functional, the ED stated.
The court remanded Chandrakar in the ED’s custody till November 19.
Profits of criminal offense approximated at over Rs 92,000 crore
The ED stated the modified earnings of criminal offense created through the Mahadev Online Book application were approximated at Rs 75,000-80,000 crore, while those connected to its sibling site Skyexchange.com stood at Rs 11,000-12,000 crore. The earnings of criminal offense connected to Lotus365.com were around Rs 2,400 crore, the company declared.
The overall earnings of criminal offense were at first approximated at around Rs 10,000-11,000 crore however they increased considerably as the prohibited operations continued even after the filing of the primary prosecution grievance on October 20, 2023, the ED stated.
Betting panels presumably continue to run from Dubai
Co-accused Rajat Kumar Singh had actually divulged that the Mahadev Online Book application is still functional, which he was running around 8 to 10 panels from Dubai. Another partner, Vishal Ramani, had actually likewise verified the extension of the app’s operations and confessed to running around 35 panels from Dubai, the firm stated.
The ED likewise described its 5th extra prosecution grievance submitted on September 10 this year which mentioned that Chandrakar was still running the unlawful operations.
Explaining Chandrakar as the kingpin of the wagering distribute, the company stated his custodial interrogation is required to develop the total cash path, trace the utilisation of the earnings of criminal offense and recognize individuals associated with the network.
Chandrakar extradited from Oman previously this month
Chandrakar was extradited from Oman previously this month and apprehended by the CBI in an associated case.
He and other promoters of the wagering app presumably ran the distribute from Dubai. According to the ED, Chandrakar had actually left India in 2022 to avert arrest.
Released on November 15, 2026
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