Links with D-company, the crime syndicate founded and controlled by Dawood Ibrahim; money laundered through at least 500 hawala operators and around 70 shell companies to Middle Eastern countries, including Dubai; and a huge business net in Thailand — these are the latest findings of the probe into India’s biggest online betting scam.
The Mahadev online betting app racket is the new ‘chit fund’ scam of India in terms of its all-encompassing magnitude. As the investigation net by the Enforcement Directorate (ED) widens, a host of influential and powerful people, including senior politicians, bureaucrats, celebrities, and businessmen, get entangled in it.
It is exactly like what happened during the investigation of the Ponzi scheme scams, commonly known as the ‘chit fund’ scam in India. However,
