The Central Bureau of Investigation (CBI) has filed six chargesheets so far in the high-profile Mahadev Betting App case involving an alleged financial fraud of around ₹6,000 crore. The agency has named 66 individuals as accused, including alleged mastermind Saurabh Chandrakar and co-founder Ravi Uppal. CBI has also initiated the process for issuing Interpol Red Notices against four accused believed to be residing abroad and has started legal proceedings to declare them fugitive economic offenders.
According to the investigating agency, the Mahadev Betting App was allegedly operated as an organised online betting network, through which illegal betting activities were conducted across the country and large amounts of money were generated. The investigation has revealed that Saurabh Chandrakar and Ravi Uppal had reportedly moved to West Asia a few years ago, from where they allegedly controlled the operations of the network.
CBI officials have stated that the network expanded through social media platforms and online channels. The agency has alleged that platforms such as Tiger Exchange, Gold365, and Laser247 were used to attract users and facilitate online betting activities. Investigators are now examining the structure of the network, identifying other individuals involved, and determining whether any external support or protection was provided to sustain its operations.
The investigation has also uncovered possible money laundering aspects linked to the case. According to CBI, funds generated through betting activities were allegedly routed through fake bank accounts and multiple financial channels before being transferred further. The agency is examining allegations that a portion of the money was moved overseas. Bank account records, digital transactions, cryptocurrency-related activities, and foreign financial links are being analysed as part of the investigation.
The sixth chargesheet filed in the case specifically focuses on alleged corruption-related offences. In this chargesheet, Ashim Das, Rohit Gulati, Vikas Chhaparia, Anil Dhamani, Vishal Ahuja, and Dheeraj Ahuja have been named as accused. They have been booked under provisions of the Prevention of Corruption Act, 1988, along with charges related to cheating, forgery, and criminal conspiracy. The agency is examining documents, financial transactions, and communications connected with these allegations.
CBI is analysing seized digital devices, financial records, and documents linked to the accused to understand the complete structure of the alleged betting network. The agency is also investigating how the proceeds generated through illegal betting were utilised and whether any other individuals, organisations, or influential networks played a role in the operation.
According to sources, the scope of the investigation has also expanded to examine possible political and bureaucratic links. The agency is looking into whether any government officials or other influential persons provided direct or indirect assistance to the alleged network. CBI has indicated that additional chargesheets may be filed in the future based on further evidence collected during the ongoing investigation.
The Mahadev Betting App case has emerged as one of the major investigations involving online betting, cybercrime, financial fraud, and international money transfer networks. Investigating agencies are using digital analysis, financial investigation techniques, and international cooperation mechanisms to uncover the full extent of the alleged network and identify all persons involved.
