Following recent arrests in the Mahadev App betting case, the ED presented the accused before a special PMLA court in Raipur that remanded them until March 11th. Investigations revealed Suraj Chokhani's substantial investments in listed companies' shares and a high-end casino in Kathmandu.
Investment of INR 40 crores in Nepal's casino
Chokhani invested INR 40 crores in Deltin Casino Kathmandu and held a significant stake there, using illegal earnings from the Lotus 365 and Mahadev Book App. His partner in the App 11 Wickets Dot Com in Bangladesh is Janatul Hasan, sister of Bangladeshi cricketer Shakib Hasan. The third investment linked to illicit income is a luxury seven-star property named Le Meridien Al Marjan.
An FIR filed by Chhattisgarh Police, alongside FIRs by the Visakhapatnam Police and other states, set off the investigation into the Mahadev Online Book Betting App, revealing an illegal gambling syndicate and money laundering through ghost bank accounts.
Funds mishandled in Lotus365 as well
Operation of "Lotus365," a Mahadev Online Book's affiliate, had partnership stakes held by Girish Talreja, managing roughly INR 50 crores of betting cash per month. Talreja was found to be a member of the 'cash handling WhatsApp group,' with INR 1 crore confiscated during the search.
Managed stock market as well
The ED found a partnership between Hari Shankar Tibrewal and Mahadev Online Book promoters for illegal betting operations with "Skyexchange." Using Indian and overseas businesses, they laundered crime proceeds. Kolkata searches exposed Tibrewal's involvement in stock market manipulation as well.
