BETTING APPS
Indian Twitter rival Koo shuts down after failed acquisition talks
“Patient, long term capital is essential to build ambitious, world beating products from India be it in social media, Al, space, EV or other futuristic categories. It will need a lot more capital when the space has a global giant already," Radhakrishna said in a joint post along with cofounder Mayank Bidawatka.
Koo founders on why the social media app is shutting down
Once considered as a rival of X (previously Twitter), Tiger Global-backed Indian social media app Koo is shutting down operations. the company founder Aprameya Radhakrishna said on social media. "As for us, we are entrepreneurs at heart and you will see us back in the arena one way or another. Till then, thank you for your time, attention, good wishes and love," Radhakrishna posted on LinkedIn.
Why Mahadev app not banned by Centre and Chhattisgarh governments: Bhupesh Baghel
Former Chhattisgarh Chief Minister Bhupesh Baghel criticised BJP MP Santosh Pandey's allegations in Lok Sabha regarding the Mahadev app scam, questioning why the BJP-led governments hadn't banned the platform. Baghel denied Pandey's accusations of operating a Rs 6,000 crore betting scheme during his tenure, pointing out that his government had taken action against the app's promoters. Baghel also expressed concerns over the app's continued operation under the current administration and plans to address the issue further.
ED searches offices linked to Fairplay app over 'financial fraud'
The Enforcement Directorate (ED) Thursday said it conducted searches on multiple locations in connection with its probe on an offshore illegal betting application, Fairplay. The said app was allegedly involved in illegal broadcasting of cricket matches, including the Indian Premier League (IPL) and various online betting activities including results of recently concluded Lok Sabha polls.
Operators of illegal betting apps moving from Dubai to Sri Lanka
As Dubai's scrutiny intensifies on the online gambling empire Mahadev, illegal betting operators are relocating to Sri Lanka. Offshore call centers and offices, crucial for these betting apps, are being established there. Staff running multiple betting websites are now operating discreetly from Sri Lankan villas, drawn by the country's cheaper costs and less rigorous enforcement compared to Dubai.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
- Go To Page 1
Mahadev betting app 'scam': Chhattisgarh EOW/ACB raids 29 places in five districts
Raids conducted by EOW/ACB in connection with Mahadev betting app scam during Congress government. Arrests made, including key app promoters. Money laundering investigation ongoing with involvement of multiple individuals and significant proceeds of crime.
Denied tickets, betting sites still vie for seats in poll arena
Offshore betting apps in India allow users to bet on elections using rupees. Criminals use mule accounts for money laundering, evading taxes. Gaming experts noted a smaller scale of betting in the 2019 general elections.
ED raids Jharkhand minister's staff; recovers over Rs 35-cr cash, official documents
The Enforcement Directorate seized Rs 35.23 crore "unaccounted" cash and official documents from the premises of a domestic help linked to a Jharkhand minister's secretary and other locations. Videos showed wads of currency notes being emptied from bags in a 2BHK flat. PM Modi referenced the ED seizures in his rallies, questioning their connection to the Congress. The searches are linked to a money laundering case against a former chief engineer.
Tamannaah Bhatia reacts to being summoned by ED over illegal betting app, requests date rescheduling
Bhatia was implicated in connection with the notorious Mahadev betting app, allegedly involved in the unauthorized streaming of IPL matches. She was purportedly endorsing the Fairplay app, a branch of the Mahadev app, which reportedly led to a Rs 1 crore loss for Viacom. The actress was summoned on April 29.
Mumbai to Jagdalpur in 4 days: How fitness expert Sahil Khan crisscrossed 5 states to fool police in Rs 15,000-cr Mahadev case
Actor Sahil Khan's arrest in the Rs 15,000 crore Mahadev betting app case concludes his four-day evasion across five states, ending in Chhattisgarh's Jagdalpur. Despite fleeing Mumbai after his bail plea's rejection, authorities tracked him through Gadchiroli, Goa, Karnataka, and Telangana, eventually nabbing him in Jagdalpur's Aradhya International Hotel. Khan, implicated in promoting betting platforms like Lion Book and Lotus 24/7, remains in custody until May 1.
Who is Sahil Khan? From actor to businessman to Mahadev betting app scam accused
Sahil Khan, a prominent Bollywood actor and fitness influencer, has been detained by Mumbai's cyber cell SIT in connection with the Mahadev betting app scam. His arrest follows the denial of pre-arrest bail by the Bombay High Court. Khan's involvement is linked to promoting online betting platforms, particularly the Khiladi Book associated with Mahadev. The case, estimated at Rs 15,000 crore, reflects broader scrutiny of illegal transactions in Maharashtra.
Mahadev betting app case: Actor Sahil Khan remanded in police custody till May 1
A Mumbai court on Sunday remanded actor Sahil Khan, who has been arrested in connection with the Mahadev betting app case, in police custody till May 1. Khan was apprehended from Jagdalpur in Chhattisgarh on Saturday after the Bombay High Court rejected his pre-arrest bail plea.
Mumbai SIT detains actor Sahil Khan from Chhattisgarh in Mahadev betting app case
Mahadev betting app case: Actor Sahil Khan, renowned for his roles in movies like 'Style' and 'Excuse Me', has been detained by Mumbai's cyber cell special investigation team. He was apprehended in Chhattisgarh after the Bombay High Court dismissed his pre-arrest bail plea.
Tamannaah Bhatia summoned over alleged IPL streaming on betting app platform
Tamannaah Bhatia summoned by Maharashtra cyber cell for endorsing IPL matches on Fairplay app by Mahadev. She is required to appear on April 29 as a witness. Badshah, Sanjay Dutt, Jacqueline Fernandez also provided statements.
Mahadev app case: ED allegations against Bhupesh Baghel, others made part of Chhattisgarh police FIR
Former Chhattisgarh chief minister Bhupesh Baghel has been accused of receiving proceeds from an illegal Mahadev betting app. The state's economic offences wing filed an FIR against 20 accused under various sections of the Indian Penal Code in the alleged ₹5,500 crore Mahadev app case. The report claims that Baghel and his associates regularly received the proceeds. The ED has urged the state police to investigate the alleged role of politicians and police personnel.
'Protection money' paid to Chhattisgarh babus, cops, says key accused
Chandrabhushan Verma accuses Sourabh Chandrakar and Ravi Uppal of paying 'protection money' to bureaucrats and police. ED recorded his statement on August 8, 2023, regarding the betting syndicate in Chhattisgarh.
Chhattisgarh EOW registers FIR against ex-CM Baghel, others in Mahadev betting app case
Chhattisgarh's Economic Offences Wing (EOW) initiated a case against ex-Chief Minister Bhupesh Baghel and others in the alleged Mahadev online betting scam, based on a report submitted by the Enforcement Directorate (ED). Baghel and app promoters face charges including criminal conspiracy and cheating. The ED alleges involvement of high-ranking officials, projecting proceeds of crime at about Rs 6,000 crore.
FIR against me in Mahadev app case politically motivated as BJP fears poll loss: Baghel
Baghel accused EOW of politically motivated FIR in Mahadev case, alleging deliberate framing. He raised concerns about delayed disclosure and impact on elections, questioning Mahadev app's status under Modi's governance and revealing top BJP donor via electoral bonds.
Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month
Smallcap investors suffered losses due to the Mahadev Online Book scam involving entities like Hari Shankar Tibrewala. Several listed stocks linked to the scam saw significant value depreciation, causing panic in the stock market.
Mahadev illegal betting app case: ED probe reveals dummy cos' accounts used to route funds to stock market
It has been revealed after the arrest of Suraj Chokhani, the Indian connection to the fugitive promoters of the Mahadev app, that through a betting website, ‘skyexchange’, Chokhani allegedly diverted Rs 423 crore (as on February 29) through companies under his directorship to stock portfolios. The ED suspects most of these were small and mid-cap stocks.
ED makes 9th arrest in Mahadev betting app case
The Enforcement Directorate (ED) on Friday said it has made a fresh and the ninth arrest in connection with its money-laundering probe into the alleged illegal operations of the Mahadev online gaming and betting application that purportedly involve high-ranking politicians and bureaucrats from Chhattisgarh.
Mahadev app case: ED files fresh charge sheet in money laundering matter
The Enforcement Directorate (ED) has filed a fresh charge sheet in a money laundering case related to alleged illegal betting and gaming through the Mahadev online book app. The agency will share the second prosecution complaint with Dubai authorities to secure the deportation or extradition of the two main promoters, Ravi Uppal and Sourabh Chandrakar.
Success for Indian agencies, Mahadev App co-promoter put under restrictions in Dubai
Dubai authority's action comes amid talks with Indian agencies, including the Enforcement Directorate (ED), which has been probing the Mahadev Book online betting syndicate case under provisions of the Prevention of Money Laundering Act (PMLA), said sources. Chandrakar is believed to be the mastermind of a betting syndicate.
Load More
