Raipur, July 15 -- A Special Court under the Prevention of Money Laundering Act (PMLA) in Raipur on Wednesday remanded EBIX Chairman Vikas Garg to Enforcement Directorate (ED) custody till July 24, holding that his custodial interrogation was necessary for an effective investigation into the alleged Mahadev Online Book betting app money laundering case.

The court observed that the ED had placed sufficient prima facie material to justify his arrest and that further interrogation was required to ascertain his alleged role, trace the proceeds of crime and investigate the involvement of other accused persons.

The Special Court rejected Garg's objections to his arrest and remand, holding that after his arrest in New Delhi, he had been produc...