What happened
The Enforcement Directorate said it arrested Vikas Garg, chairman of the Ebix group, in a money-laundering case linked to the Mahadev online betting app. The agency said the arrest was made from his Delhi residence and that he was taken to Raipur on transit remand, with production before the Prevention of Money Laundering Act, 2002 (PMLA) court scheduled for the next day.
The Enforcement Directorate alleged that Garg routed proceeds from the betting operation into entities owned or controlled by him. The release presents the arrest as part of a larger probe into alleged laundering of illicit funds generated through the betting platform.
Background and earlier position
The Mahadev online betting app has been associated with allegations of large-scale illegal betting and laundering of proceeds through layered entities. The current arrest extends the probe from the alleged operators and associated networks to another business figure named by the agency.
Why the case matters for UPSC
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