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The Morning Brief
Bhilai to Burj: The Rs. 5,000 Cr Bollywood Studded Mahadev Book Scam
Oct 13, 2023
Ranbir Kapoor, a Bollywood celebrity, discusses a 5000 crore rupees money laundering scam involving a juice seller and a small-time contractor. The podcast covers the role of the Mahadev online book app, Bollywood actors, and social media influencers, as well as the alleged illegal Hawala operations and the rise of tech-related fraud. It emphasizes the need for investigative agencies to keep up with tech-savvy criminals and increase understanding and awareness of technology-related fraud.
23:32
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Quick takeaways
- A small town in Chhattisgarh became the center of attention due to a 5000 crore rupees money laundering scam orchestrated through an illegal betting app endorsed by Bollywood actors and social media influencers.
- The Mahadev Book scam operated through a network of call centers in Sri Lanka, Dubai, and Nepal, with panel operators facilitating smooth transactions through small amounts using UPI accounts, while investigative agencies faced lapses in their efforts to combat such tech-driven financial crimes.
Deep dives
The Rise of a Betting Scam
A small town in Chhattisgarh, known for its steel plant, has become the center of attention due to an outrageous betting scam. Two friends, Aisoka and Roorkee, allegedly masterminded the scam through their betting app, Mahadev Book. The app provided a platform for illegal betting websites and gained popularity through endorsements from Bollywood actors and social media influencers. Despite being flagged by authorities, the scam continued for five years before the enforcement directorate started investigating. The ED has alleged that the owners, Saurabh Chandrakhar and Ravi Upal, ran the business from Dubai, making it difficult to trace. The ED has also summoned several Bollywood celebrities and influencers for questioning.
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Discover
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