In April 2025, the Enforcement Directorate froze securities, cash, and DEMAT accounts worth ₹573 crore connected to the Mahadev Book empire. Officials described the app as a sprawling online betting syndicate linked to stock-market manipulation through FPI shell companies. This crackdown unveiled the app’s aggressive money-laundering operations, spanning Mumbai, Delhi, Chennai, and ot... https://mahadevbooki.in/blog/online-betting-mahadev-book/