New Delhi, July 15 -- New DelhiThe Enforcement Directorate (ED) on Tuesday arrested businessman Vikas Garg in connection with its money laundering probe into the Rs.6,000 crore Mahadev online betting racket, agency officials said.
The ED last week said in a statement that it had attached assets worth Rs.940 crore belonging to Garg and his family members. It added that its investigation found an equivalent amount generated from online betting operations linked to the case was routed to entities owned and controlled by Garg.
Garg's BSE-listed company Eraaya Lifespaces Limited had acquired US-based Ebix Inc in 2024, and later changed its name to Ebix Limited.P7
Published by HT Digital Content Services with permission from Hindustan Times....