Exploring the mysterious figure of Harishankar Thibrewala and his involvement in the Mahadev betting scam, alleged stock market manipulation by Tibrewala, Chandrakhar, and Upal, using illegal money to manipulate stock prices of smaller companies, and growing concerns among enforcement agencies
Saurabh Chandrakhar and Ravi Upal's Mahadev Book app led to illegal fund transactions and lavish lifestyles, ending in arrests.
Deep dives
The Rise and Fall of the Mahadev Book App
Saurabh Chandrakhar and Ravi Upal's journey from setting up a juice stall to creating the Mahadev Book gambling app led to immense wealth. Their move to Dubai and expansion into millions of users resulted in illegal money transactions, culminating in a lavish wedding and subsequent arrest by Indian authorities.
Harishankar Tibrewala's Stock Market Manipulation
Harishankar Tibrewala's involvement in the Sky Exchange app linked to the Mahadev Book scam funneled illegally obtained funds into smaller Indian stocks. By manipulating the prices of obscure companies, Tibrewala raised concerns over market integrity, leading to frozen assets and suspicions of stock manipulation. Despite some companies denying direct connections, investor anxiety and stock price declines persist.
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Uncovering the Link Between the Stock Market Storm and Harishankar Thibrewala