Company Directory - Mahadev Online Betting
Company Details - Mahadev Online Betting
Mahadev Online Betting
Mahadev Online Betting is a gaming and betting application implicated in illegal betting activities. It facilitates various gambling services to users, often sparking legal investigations and regulatory scrutiny due to its operations reportedly violating gambling laws.
CCI Score
CCI Score: Mahadev Online Betting
-50.53
0.03%
Latest Event
ED Raids in Money Laundering Probe Linked to Mahadev Betting App
Enforcement Directorate conducted multi-state raids on premises connected to the Mahadev Online Betting app as part of a money laundering and illegal betting investigation, revealing alleged links with high-ranking politicians and bureaucrats.
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QUISLING
Mahadev Online Betting is currently rated as a Quisling.
Latest Events
- APR162025
Enforcement Directorate conducted multi-state raids on premises connected to the Mahadev Online Betting app as part of a money laundering and illegal betting investigation, revealing alleged links with high-ranking politicians and bureaucrats.
- DEC092024
The Enforcement Directorate attached fresh assets worth Rs 388 crore in its probe into Mahadev Online Betting’s operations, uncovering alleged ties to high-ranking politicians and bureaucrats and exposing illegal gambling and money laundering practices.
-60
Public and Political Behavior
April 16
Mahadev Online Betting is implicated in a major investigation where the ED uncovered connections to high-ranking political figures and bureaucrats, suggesting that the company’s illegal operations are intertwined with corrupt political practices that undermine accountability and democratic norms.
The Great Mahadev Betting Case: ED Attaches Fresh Assets ...
-45
Business Practices and Ethical Responsibility
April 16
The company’s involvement in illegal gambling and money laundering operations reflects unethical business practices that not only flout legal norms but also contribute to a corrupt economic environment, indirectly supporting networks that facilitate authoritarian control.
The Great Mahadev Betting Case: ED Attaches Fresh Assets ...
-50
Economic and Structural Influence
April 16
The structural economic influence of Mahadev Online Betting is evident in its large-scale money laundering and cross-border financial manipulations, which not only disrupt regular market dynamics but also help sustain corrupt networks, contributing to long-term economic and structural instability.
The Great Mahadev Betting Case: ED Attaches Fresh Assets ...
- MAR042024
The CBI’s FIR, originally received on March 4, 2024, names 21 accused in connection with Mahadev Online Betting’s illegal operations. Notably, former Chhattisgarh CM Baghel and others have alleged that high-level government figures, including Prime Minister Narendra Modi and Union Home Minister Amit Shah, are providing patronage to the app, deterring regulatory action and shielding it from legal scrutiny.
-50
Public and Political Behavior
April 16
The allegations of political patronage, where senior government officials are claimed to be shielding the illegal betting operations, indicate a troubling alignment with authoritarian practices. This undermines democratic checks and reflects negatively on the company’s public and political behavior, as it benefits from undue political protection.
Mahadev betting app case: CBI names ex-Chhattisgarh CM Baghel as accused
- DEC132023
Authorities have detained one of the masterminds behind a vast illegal betting network run by Mahadev Online Betting. The Enforcement Directorate (ED) investigation uncovered a scam involving over Rs 6,000 crore through illegal betting, money laundering, and alleged attempts to channel funds to political figures and bureaucrats, raising concerns of unethical business practices and political manipulation.
-50
Political Contributions and Lobbying Efforts
April 16
The investigation revealed that key figures associated with Mahadev Online Betting were implicated in channeling money to influential political figures and bureaucrats, undermining democratic processes and contributing to authoritarian influence. This alleged political manipulation warrants a negative score in Public and Political Behavior.
Mahadev betting app case: Everything known about the Rs 6k cr scam so far
-60
Business Practices and Ethical Responsibility
April 16
Mahadev Online Betting is implicated in facilitating large-scale illegal betting operations, money laundering, and rigging games, which demonstrates a flagrant disregard for ethical business practices and legal standards.
Mahadev betting app case: Everything known about the Rs 6k cr scam so far
-40
Economic Collaboration
April 16
The scam's structure indicates an effort to leverage economic means for corrupt purposes, integrating illicit funds into economic networks and potentially influencing political figures. This dimension of economic collaboration with corrupt practices contributes to the negative assessment under Economic and Structural Influence.
Mahadev betting app case: Everything known about the Rs 6k cr scam so far
- NOV052023
The Enforcement Directorate and Ministry of Electronics and Information Technology recently targeted Mahadev Online Betting for its involvement in an extensive illegal betting and money laundering scheme. The investigation revealed the use of UPI-based money laundering, exploitation of vulnerable populations, and a network of franchise-like panel operators, leading to asset seizures of Rs 417 crore and prompting regulatory bans. The scandal also entangles political controversies and high-profile celebrity endorsements, highlighting a broader breach of ethical business practices and economic integrity.
-80
Business Practices and Ethical Responsibility
April 16
Mahadev Online Betting’s operations, centered on illegal betting and a complex money laundering scheme, flagrantly violate ethical business practices. The use of deceptive practices to lure vulnerable individuals into an illicit betting ecosystem undermines societal trust and regulatory norms, directly contributing to broader harm.
Unraveling the Mahadev betting scam: All you need to know about the controversy and its founders
-30
Economic and Structural Influence
April 16
The company’s utilization of a clandestine network for money laundering—including hawala transactions and franchise-like panel operations—undermines regulatory oversight and compromises economic integrity, fueling corruption and weakening structural financial systems.
Unraveling the Mahadev betting scam: All you need to know about the controversy and its founders
- NOV022023
Promoters of the Mahadev Online Betting app allegedly transferred nearly Rs 5 crore in cash from the UAE to help fund the electoral expenses of a political party ahead of the Chhattisgarh assembly elections. This incident, which included the seizure of cash by the Enforcement Directorate, raises concerns about non-transparent political contributions and potential undue political influence.
-70
Political Contributions and Lobbying Efforts
April 16
The reported cash transfer of nearly Rs 5 crore by Mahadev Online Betting’s promoters, allegedly intended for funding a political party’s election campaign, represents a significant non-transparent political contribution. Such actions can be seen as attempts to influence electoral outcomes through covert financial support, aligning with concerns of authoritarian influence. This lacks accountability and ethical corporate conduct, marking a negative impact from an anti-fascist perspective.
Betting App Promoters Sent Rs 5 Crore To Fund Political Party In Chhattisgarh: Officials
- OCT062023
The Mahadev Gaming App, operated by Mahadev Online Betting, is at the center of an extensive scandal involving illegal betting, alleged money laundering, and hawala network connections. The Enforcement Directorate has summoned key figures in connection with a multi-crore scam, highlighting unethical business practices and potentially destabilizing economic influences.
-80
Business Practices and Ethical Responsibility
April 16
The company's operation of an illegal betting platform that allegedly channels vast sums of money through illicit networks significantly undermines ethical business practices and raises serious legal and regulatory concerns. This behavior not only violates gambling laws but also contributes to broader criminal financial networks which may indirectly support destabilizing influences.
-50
Economic and Structural Influence
April 16
The scale of the operation, including daily revenues claimed at Rs 200 crore and alleged multi-crore fund flows via hawala and shell companies, indicates a significant economic influence. The organization's involvement in massive financial irregularities poses risks for broader economic destabilization and potential indirect links to illicit financing networks.
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