The Enforcement Directorate (ED) has arrested businessman Vikas Garg as part of a probe into alleged money laundering linked to the Mahadev Online Book (MOB) platform and Skyexchange.The investigation, launched in 2022, is based on FIRs from Chhattisgarh, Andhra Pradesh, and West Bengal.ED officials allege that Garg's assets worth ₹940.77 crore were acquired using funds laundered through illegal betting operations of MOB and Skyexchange.The properties include residential units, land, equity shares, and securities.

Investigators claim the alleged betting syndicates generated over ₹450 crore monthly, with proceeds funneled through shell entities and complex financial transactions to disguise illicit funds.

The ED has issued seven provisional attachment orders and filed charges against several accused, including co-promoters Sourabh Chandrakar and Ravi Uppal.Chandrakar is currently in Oman awaiting extradition.The MOB is described as one of India's largest illegal betting networks operating from abroad, including Dubai, via a franchise model.