MOB, associate platforms generated POC of at least ₹36,000 Cr: ED

Enforcement Directorate estimates proceeds of crime from Mahadev Online Book and associated platforms like Skyexchange and Lotus 365 at ₹36,000–₹43,400 crore over seven years.

The ED has filed five chargesheets against 74 persons and entities in the PMLA court at Raipur, Chhattisgarh.

Illegal betting operations continued through dummy and mirror sites despite law enforcement crackdown since 2022-23.

MOB generated over ₹450 crore per month laundered through shell entities and accommodation entries.

Assets worth ₹940.77 crore linked to Vikas Garg were attached, including shares in US-based Ebix Inc. acquired via laundered funds.