Ebix Group Chairman Arrested, Rs 940.77 Crore Properties Seized in Mahadev Betting Case
Allegations of money laundering and abuse of power warrant urgent attention.
The Enforcement Directorate arrested Vikas Garg, Ebix Group Chairman, on Tuesday under the Prevention of Money Laundering Act for alleged links with the Mahadev online betting case. The ED attached properties worth Rs 940.77 crore and accused Garg of using illegal betting funds to acquire shares in companies he controls, including a 64% stake in EbixCash. Searches were conducted at his premises in Delhi before he was taken to Chhattisgarh's Raipur for further investigation. The Mahadev case involves Rs 6,000 crore and various high-ranking politicians and bureaucrats from Chhattisgarh.
14 JUL 2026
· THIS STORY — NDTV
Ebix Group Chairman Arrested, Rs 940.77 Crore Properties Seized in Mahadev Betting Case
15 JUL 2026
— Indian Express
The Enforcement Directorate arrested Ebix chairman Vikas Garg in connection with a money laundering probe linked to the Mahadev online betting app case.
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