ED names EaseMyTrip co-founder Nishant Pitti in Mahadev betting-app chargesheet
The Enforcement Directorate has named Nishant Pitti in its Mahadev betting-app money-laundering chargesheet and provisionally attached ₹59.60 crore of his DEMAT shares. EaseMyTrip said it had not received formal intimation; its shares rose 0.34% to ₹5.82.
What happened
ED named EaseMyTrip co-founder Nishant Pitti in a Mahadev betting-app money-laundering chargesheet and provisionally attached Rs 59.60 crore of his shares. The
Key facts
- Rs 59.60 crore in provisionally attached DEMAT shares
- Rs 765.77 crore allegedly received by entities linked to Vikas Garg
- Rs 12,000 crore alleged Skyexchange crime proceeds since 2016
- Rs 80,000 crore alleged Mahadev app crime proceeds since 2019
- 14 people arrested
- Rs 1,885 crore in attached assets
- 116 accused across six chargesheets
- 190 premises searched
- EaseMyTrip shares up 0.34% at Rs 5.82
- EaseMyTrip stock down 21.03% YTD
Why this matters
Reassess any partnership, acquisition or financing exposure involving EaseMyTrip until diligence clarifies the chargesheet’s implications for leadership, shareholding and regulatory compliance.