The Enforcement Directorate (ED) arrested Vikas Garg, Chairman of Ebix, from his
Allegations of money laundering and abuse of power by a prominent businessman warrant concern.
The Enforcement Directorate (ED) arrested Vikas Garg, Chairman of Ebix, from his Delhi residence in connection with a money laundering probe linked to the Mahadev online betting app case. The agency provisionally attached properties worth Rs 940.77 crore belonging to Garg and related entities earlier. Garg is accused of using proceeds from illegal betting to acquire shares and other assets, including a 64% stake in EbixCash. He was granted 24-hour custody by a Delhi court for transfer to Raipur where the investigation continues.
14 JUL 2026
— NDTV
Ebix Group Chairman Arrested, Rs 940.77 Crore Properties Seized in Mahadev Betting Case
15 JUL 2026
· THIS STORY — 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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