Tis Hazari Court granted a 24-hour transit remand for EBIX chairman Vikas Garg to the Enforcement Directorate (ED) on Tuesday. Garg is to be produced before a special PMLA court in Raipur, Chhattisgarh, in connection with the Mahadev online betting app money laundering case.
What Happened
The Tis Hazari Court granted a 24-hour transit remand for EBIX chairman Vikas Garg to the Enforcement Directorate (ED) on July 14, 2026, according to The Economic Times. This decision facilitates his production before a special Prevention of Money Laundering Act (PMLA) court in Raipur, Chhattisgarh. Garg was arrested by the ED in connection with the alleged Mahadev online betting app money laundering case.
Additional Sessions Judge Vijay Shankar of the Tis Hazari Court approved the 24-hour transit remand after Garg was produced before the court following his arrest earlier the same day, The Economic Times reported. The ED had initially sought a 48-hour transit remand. Special Public Prosecutor Simon Benjamin, representing the ED, stated that Garg’s custodial interrogation is necessary to uncover the money trail in the case.
Key Details
- Vikas Garg, chairman of EBIX, was arrested by the Enforcement Directorate in connection with the Mahadev online betting app money laundering case, according to The Economic Times.
- The Tis Hazari Court granted a 24-hour transit remand for Garg to be produced before a special PMLA court in Raipur, Chhattisgarh, The Economic Times reported.
- Properties valued at Rs 940 crore belonging to Garg have already been attached by the ED, according to The Economic Times.
- The ED stated that Garg had been summoned to join the investigation but failed to appear, leading to his arrest, The Economic Times reported.
- The defence, represented by Senior Advocate Madhav Khurana, argued that Garg had previously joined the investigation on three occasions and submitted required documents, according to The Economic Times.
Why It Matters
This development signifies a continuation of the Enforcement Directorate’s investigation into the alleged Mahadev online betting app money laundering case, as highlighted by The Economic Times. The arrest and subsequent transit remand of a corporate chairman like Vikas Garg underscore the regulatory bodies’ efforts to investigate financial irregularities within the online betting sector. The attachment of substantial assets, reported as Rs 940 crore, indicates the scale of the financial transactions under scrutiny.
The case, which involves a prosecution complaint against 74 accused persons, signifies the complexity and breadth of the ongoing investigation, according to The Economic Times. While Garg is reportedly not named in the initial FIRs, the ED’s request for custodial interrogation and the court’s granting of transit remand suggest an expanding scope of inquiry into individuals associated with the alleged money laundering network.
What’s Next
Vikas Garg is slated to be produced before a special PMLA court in Raipur, Chhattisgarh, following the 24-hour transit remand granted by the Tis Hazari Court, The Economic Times reported. The Enforcement Directorate aims to conduct his custodial interrogation to further investigate the money trail related to the Mahadev online betting app case.
Originally reported by The Economic TimesPublished
Sources & References
Primary source
- The Economic Timeseconomictimes.indiatimes.com
Additional references
- ED arrests Ebix chairman in connection with Mahadev betting app probe | India News – The Indian Expressindianexpress.com
- Tis Hazari Court Grants ED 24-Hour Remand for EBIX Chair in Money Laundering Probe | Headlinesdevdiscourse.com
- Mahadev betting app PMLA case: Court grants 24 hours transit remand of Vikas Garg to ED to produce him before Raipur court – Daily PRABHATdailyprabhat.com
- Mahadev betting app PMLA case: Court grants 24 hours transit remand of Vikas Garg to ED to produce him before Raipur courtnews.webindia123.com