ED arrests businessman Vikas Garg in Mahadev, Skyexchange probe
ED arrested businessman Vikas Garg in a money laundering probe linked to Mahadev Online Book (MOB) and Skyexchange platforms.
ED attached assets worth ₹940.77 crore belonging to Garg, his family, and entities he controlled.
The probe, launched in 2022, is based on FIRs from Chhattisgarh, Andhra Pradesh, and West Bengal police.
Proceeds from illegal betting were laundered through shell entities and layered transactions to disguise funds as legitimate.
MOB is alleged to be one of India's largest illegal betting syndicates, operating from Dubai and generating over ₹450 crore monthly.
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