The ED’s relentless pursuit of financial irregularities linked to the Mahadev Betting App underscores the gravity of the situation and its potential ramifications for both the Bollywood and betting sectors.
In a startling development, the Enforcement Directorate (ED) conducted a raid on Friday at a prominent Bollywood production house in connection with the ongoing investigation into the Mahadev betting app case. This latest move by the ED sheds light on the intricate web of connections between the entertainment industry and the alleged illegal betting syndicate.
The production house under scrutiny is Qureshi Productions, owned and operated by Vaseem and Tabassum Qureshi. Sources within the ED have revealed that Qureshi Productions had received financial backing from the promoters of the Mahadev app, namely Sourabh Chandrakar and Ravi Uppal, for the production of films.
Mahadev Betting App Case – Bollywood Connection
Of particular interest is the fact that Qureshi Productions is currently involved in the creation of a high-budget historical film, featuring a top Bollywood star. This ambitious project is being developed in a regional language but is slated for dubbing in multiple languages, indicating its significant scale and potential reach.
The ED’s raids are currently underway at various locations, including Andheri. Vaseem Qureshi, the key figure behind Qureshi Productions, is being subjected to questioning by the agency. Investigators are diligently scrutinizing his travel records and financial transactions as part of their ongoing probe.
This development comes in the wake of the ED’s continued investigation into the Mahadev betting app case, which has already ensnared several high-profile Bollywood personalities, including actors Ranbir Kapoor, Shraddha Kapoor, Huma Qureshi, and comedian Kapil Sharma. While these celebrities have not been named as accused parties in the case, the ED is keen to ascertain their knowledge of the financial transactions linked to the app’s promoters.
The Mahadev Betting App, described as an online betting platform, has come under intense scrutiny from the ED and various state police departments. The company’s promoters, Chandrakar and Uppal, were based in Dubai and are alleged to have used the app to onboard new users, create user IDs, and facilitate money laundering through a complex network of benami bank accounts.
As the investigations continue to unravel the intricate connections between the entertainment industry and the world of online betting, more revelations are anticipated in the days ahead. The ED’s relentless pursuit of financial irregularities linked to the Mahadev app underscores the gravity of the situation and its potential ramifications for both the Bollywood and betting sectors.
With inputs from IndiaToday – Credits