🇮🇳 India freezes $98.5m in Mahadev probe

India’s Enforcement Directorate has provisionally attached assets worth about $98.5m linked to EBIX Group chairman Vikas Garg in its Mahadev money-laundering investigation, according to igaming_news, citing the agency’s case details. 🏛️ Most of the value sits in Eraaya Lifespaces shares, with additional property in Delhi, Goa and Nainital. 📊 Investigators allege the funds were routed through shell companies, stock deals and foreign portfolio investment structures tied to the illegal Mahadev and SkyExchange networks. ⚖️ For iGaming, the message is clear: enforcement is tracking not just operators, but also the financial channels and corporate vehicles around them. 🔍