Significant progress has been made in the investigation of a high-profile criminal case in India related to an illegal betting app, known as the Mahadev Book, which has seen thousands of participants and money worth more than $1 billion.
During the holidays, two of the main suspects were caught, including Ravi Uppal, the company’s co-founder, who was found in Dubai and deported to India. His partner, Saurabh Chandrakar, is under suspicion of creating an illegal betting app and network of operatives. The app was used for illegal gambling, money laundering, and match-fixing. Chandrakar was arrested earlier this year and is already in jail.
Another suspect, Deepak Nepali, was arrested in India and is accused of being one of the key members in developing the app, using his political connections to avoid arrest. The rise and fall of the partners brought fame to this case in India, with the co-founders starting from humble beginnings as owners of a small juice shop and a tire store before founding the Mahadev Book gambling app in Dubai.
The app featured various sports betting and casino games and employed ground agents to access bank accounts and cryptocurrencies with fake IDs to launder the money. The Enforcement Directorate authorities began working on the case in October 2022, and significant progress has been made. The authorities filed a case against Uppal and Chandrakar before the special Prevention of Money Laundering Act (PMLA) court in Raipur. Since the process began, the police have arrested more than 440 suspects and filed about 72 cases.