ED Chargesheets EaseMyTrip Cofounder Nishant Pitti In Mahadev Betting Case
The Enforcement Directorate (ED) has chargesheeted EaseMyTrip cofounder and chairman Nishant Pitti in the Mahadev online betting app money laundering…
The Enforcement Directorate (ED) has filed charges against EaseMyTrip cofounder Nishant Pitti in connection with the Mahadev online betting app money laundering case. The chargesheet, filed on September 10, alleges that Pitti facilitated the entry of illicit betting funds into the Indian stock market through Foreign Portfolio Investors (FPIs).
The ED has also provisionally attached ₹59.6 crore worth of Pitti's demat shares under the Prevention of Money Laundering Act (PMLA) to confiscate, claiming they are proceeds of crime. Pitti denied being aware of any charges and stated he would contest the allegations in court. EaseMyTrip also claimed it was unaware of any legal proceedings against the company or Pitti.
The ED has been investigating the Mahadev betting app since April 2025, conducting searches across multiple locations in India. The agency has arrested 14 individuals and attached assets worth ₹1,885 crore in the case.
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