In Mahadev Betting App Case, Dawood Links, Shell Firms And Thailand Ties

The new details emerged during the ED probe into the Mahadev online betting app racket is the new ‘chit fund’ scam of India in terms of its all-encompassing magnitude. The money in the online betting app racket was laundered through at least 500 hawala operators and around 70 shell companies to Middle Eastern countries, including Dubai.

The promoters of Mahadev online betting app had inks with D-company, the crime syndicate founded and controlled by Dawood Ibrahim, the Enforcement Directorate has found during a probe into the case. The promoters, the ED said, were in touch with Dawood Ibrahim’s brother to create a similar betting…