{
  "id": 8966911,
  "title": "ED files chargesheet against EaseMyTrip promoter Nishant Pitti in Mahadev betting app case",
  "url": "https://urgent.news/2026/09/21/ed-files-chargesheet-against-easemytrip-promoter-nishant-pitti-in",
  "topic": "world",
  "section": "World",
  "published": "2026-09-21T17:29:25.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/ed-files-chargesheet-against-easemytrip-promoter-nishant-pitti-in-mahadev-betting-app-case/article71492800.ece"
  },
  "original_language": "en",
  "account": "The Directorate of Enforcement (ED) has filed charges against EaseMyTrip co-founder Nishant Pitti in connection with the Mahadev online betting app money laundering case. The ED alleges that Pitti, acting on behalf of the promoters of NzVs Easy Trip Planners Limited, conspired with Amardeep Sharma to manipulate Easy Trip Planners Ltd. share prices artificially. According to the PMLA court charge sheet, Sharma is an associate of Hari Shankar Tiberwal, another co-accused in the case. Tiberwal, described by the ED as a hawala operator based in Dubai, operated the illegal betting platform Skyexchange. Following the stock manipulation deal, Tiberwal's front foreign portfolio investor entity, IWs AG Dynamic Funds Limited, acquired shares of Easy Trip Planners Ltd. at inflated valuations. The ED has also attached Pitti's demat shares, valued at ₹59.60 crore, through a provisional order under the PMLA. Pitti maintains his innocence, stating that all his assets were obtained through lawful means and that he was unaware of the charge sheet filing.",
  "summary": "Pitti, on behalf of the promoters of NzVs Easy Trip Planners Ltd., entered into a pre-arranged stock price manipulation deal with Amardeep Sharma to artificially inflate the share price and market capitalisation of IWs Easy Trip Planners Ltd., the chargesheet filed in a special PMLA court says",
  "key_points": [
    "ED files chargesheet against Nishant Pitti in Mahadev case",
    "Pitti allegedly conspired with Amardeep Sharma to manipulate share prices",
    "Sharma's hawala operation operated illegal betting platform Skyexchange"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "ED chargesheets EaseMyTrip promoter in Mahadev betting app case, seeks to confiscate shares",
        "url": "https://urgent.news/2026/09/21/ed-chargesheets-easemytrip-promoter-in-mahadev-betting-app-case-seeks",
        "published": "2026-09-21T16:46:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}