EaseMyTrip denies allegations against founder Pitti in Mahadev betting case

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The story "EaseMyTrip denies allegations against founder Pitti in Mahadev betting case" was covered 16 hours ago by Business Standard, a news publisher based in India.

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EaseMyTrip denies allegations against founder Pitti in Mahadev betting case - Business Standard

Quick Summary:

Travel booking platform EaseMyTrip on Wednesday denied allegations against its founder and chairman Nishant Pitti in the Mahadev app betting case, terming the claims "entirely baseless, misleading, and devoid of factual merit".

The Enforcement Directorate in April searched the premises of Pitti as part of fresh multi-state raids in the Mahadev online betting app-linked money laundering case.

Pitti has reportedly been accused of colluding with a network of operators who allegedly used proceeds from the illegal betting operation to manipulate the stock prices of 25 listed companies, purportedly in connivance with their promoters.