ED arrests businessman Vikas Garg in Mahadev, Skyexchange probe
Mumbai, July 14 -- The Enforcement Directorate (ED) on Tuesday arrested businessman Vikas Garg as part of its money laundering investigation into the alleged online illegal betting activities of the Mahadev Online Book (MOB) platform.
The ED had recently attached assets worth around Rs.940.77 crore linked to Garg, alleging that the properties were purchased using money laundered through illegal betting operations of MOB and Skyexchange platforms. Garg will be produced in court for remand, ED officials said, confirming the arrest.
ED officials said that the attached assets belonged to Garg, his family members and entities owned or controlled by him. The properties include residential units, land parcels, equity shares and other securitie...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.