Why B-town celebs are under scanner in Mahadev betting app scam
₹200 crore was paid in cash. Also read: Mahadev betting app case: Shraddha Kapoor likely to appear before ED today; Ranbir Kapoor requests for one week time At his wedding held in Ras Al-Khaimah, Sourabh Chandrakar hired private jets to ferry family members from Nagpur to the UAE and paid celebrities from the Indian film industry to perform.
According to ED, promoter Chandrakar, who hails from Bhilai, Chhattisgarh allegedly used the online book betting application to enrol new users, create IDs and launder money through a layered web of benami bank accounts. Also read: Mahadev betting app scam: Sourabh Chandrakar's rise from juice vendor to lavish ₹200 crore wedding The ED investigation has shown that the Mahadev Online Book App is run from a central head office in the United Arab Emirates (UAE), officials said.
It operates by franchising "Panel/Branches" to their known associates on a 70-30 profit ratio. Also read: ED radar on Bollywood: Celebs attend gambling app owner’s ₹200-crore wedding; check names The ED stated that the large-scale hawala operations are done to siphon off the proceeds of betting to offshore accounts.
Sourabh Chandrakar and Ravi Uppal are the masterminds behind the alleged money laundering bids. According to a report by the HT the Mahadev online betting app has been networked from its UAE headquarters to India, Sri Lanka, Nepal, and Pakistan.
Also read: Actors Huma Qureshi, Kapil Sharma get ED summons in Mahadev betting case Before running a million dollars umpire gambling business, Chandrakar ran a juice shop in Nehru Nagar in Bhillai while Uppal owned a tire before both of them became addicted to gambling, NDTV reported citing investigators. Both of them went to Dubai and met a Sheikh and a
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