The Directorate of Enforcement (ED), investigating the Mahadev Betting app money laundering case, uncovered earlier this year how the mastermind of the betting network, Harishankar Tibrewal through Foreign Portfolio Investment (FPI) had invested in several listed Small and Medium Enterprises (SME) companies. The purpose of doing so was to manipulate stocks, artificially inflate the stock prices of SME companies in which FPI investments were made. Once the share prices rose, they were dumped ... 6,000-Crore Mahadev Betting App Accused 'Missing', Dubai Extradition 'On Hold' Uppal was arrested on the back of a Red Corner Notice issued by Interpol; he was released 45 days later but remained ... Supreme Court directs ED to trace fugitive Mahadev Online Book co-founder Ravi Uppal, highlighting challenges in prosecuting betting kingpins. The extradition of one of the two primary suspects arrested in relation to the Mahadev Betting App Case was put on hold after he went missing according to reports on Tuesday. Ravi Uppal, who was allegedly involved in a betting app scam worth Rs 40,000 crore, (among various other suspects) was arrested in 2023 by Dubai authorities.
