Mahadev Betting Case: ED Probe Ambit Now Includes EaseMyTrip CEO; Nishant Pitti Denies Charges-OxBig News Network

Online Travel portal EaseMyTrip on Tuesday denied any connection of its founder and chairman Nishant Pitti with the Mahadev app which is being investigated by the Directorate of Enforcement (ED). In an announcement the corporate mentioned, “We categorically and unequivocally deny the allegations reported in reference to our Founder and Chairman, Mr. Nishant Pitti, regarding the so-called Mahadev app betting case. These claims are totally baseless, deceptive, and devoid of factual benefit.”

“Mr. Pitti has had no involvement, direct or oblique, with any unlawful betting operations or entities associated to the Mahadev app. EaseMyTrip, as a corporation, upholds the very best requirements of company governance and full compliance with all relevant legal guidelines and rules. We take these allegations severely and are totally cooperating with the authorities to make sure that the details are established transparently and expeditiously,” the assertion additional mentioned.

Last yr in May, the ED named a German nationwide Lark Marshall and 4 Indians, Ratan Lal Jain, Hari Shankar Tibrewal, Girish Talreja, Mrigank Mishra , Shubham Soni apart from ravi Uppal and Saurabh Chandrakar because the app’s brains belief, mentioned numerous media stories together with Hindustan Times.

EaseMyTrip mentioned that unwarranted hypothesis undermines the belief of its stakeholders. “To make clear, the 2 entities independently bought EaseMyTrip shares by way of the open market in May 2021. Dividends of round Rs5 lakhs had been paid to them within the regular course in December 2021, as per shareholder rights. There has been no different transaction or affiliation with these entities,” an organization assertion mentioned.

“This unwarranted hypothesis undermines the belief of our stakeholders and misrepresents the integrity of our management. We urge media retailers and the general public to chorus from drawing conclusions primarily based on unverified and unsubstantiated info,” it added. Earlier within the day, EaseMyTrip Founder and Chairman Nishant Pitti rubbished allegations that he was linked to unlawful actions involving Sky Exchange, the Mahadev app, or any type of illegal conduct.

The Directorate of Enforcement (ED) had carried out searches on the premises of Nishant Pitti in mid-April 2025, beneath the provisions of the Prevention of Money Laundering Act (PMLA), 2002, within the “Mahadev Online Book Betting APP case”. “I strongly deny the latest allegations linking me to any unlawful actions involving Sky Exchange, the Mahadev app, or any type of illegal conduct. These claims are fully baseless, speculative, and deceptive,” Nishant Pitti mentioned in an announcement on Tuesday.

According to Pitti, somebody is making a deliberate and sustained effort to tarnish his private repute by way of “false narratives and misinformation.” “Such ways should not solely defamatory but in addition meant to divert consideration by dragging my identify into unrelated issues with none factual foundation,” mentioned Pitti in his assertion.

“I’ve all the time carried out myself in full compliance with all monetary, authorized, and regulatory norms,” he added. Regarding the Rs 7 lakh recovered by the Enforcement Directorate from his residence, Pitti mentioned the quantity represents a “respectable private money withdrawal, proportionate to the scale and desires of my household.”

He additional said, “It is totally accounted for, duly declared in monetary information, and maintained within the regular course to fulfill family necessities and contingencies. I’m totally cooperating with the authorities and stay ready to offer any clarification.”

In the Mahadev app case, ED has up to now carried out searches at greater than 170 premises. Further, due to the investigation, immovable and movable belongings valued at Rs 3,002.47 crore (roughly) have been seized/ frozen /connected within the case, in accordance with an ED press assertion dated April 21. ED has additionally arrested a complete of 13 individuals within the case. (With ANI inputs)