ED arrests Ebix group chairman Vikas Garg in illegal betting case
The Enforcement Directorate has arrested Ebix group chairman Vikas Garg in connection with a money laundering investigation linked to the Mahadev online betting app. Authorities allege that Garg used illegal betting proceeds to acquire stakes in various companies.
Why it matters
The case represents a significant crackdown on large-scale financial fraud and the laundering of illegal betting proceeds through legitimate corporate entities.
The Directorate of Enforcement (ED) on Tuesday (July 14, 2026) stated that it has arrested Vikas Garg, chairman of Ebix group, in a multi-crore-rupee money laundering case linked to the Mahadev online betting app.
The report relies on official statements from the Enforcement Directorate regarding an ongoing investigation.
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