Global News Post Fastest Global News Portal
Related Articles
Online Travel portal EaseMyTrip on Tuesday denied any connection of its founder and chairman Nishant Pitti with the Mahadev app which is being investigated through the Directorate of Enforcement (ED). In a observation the corporate stated, “We categorically and unequivocally deny the allegations reported in connection with our Founder and Chairman, Mr. Nishant Pitti, concerning the so-called Mahadev app betting case. These claims are entirely baseless, misleading, and devoid of factual merit.”
“Mr. Pitti has had no involvement, direct or indirect, with any illegal betting operations or entities related to the Mahadev app. EaseMyTrip, as an organization, upholds the highest standards of corporate governance and full compliance with all applicable laws and regulations. We take these allegations seriously and are fully cooperating with the authorities to ensure that the facts are established transparently and expeditiously,” the observation additional stated.
Last yr in May, the ED named a German nationwide Lark Marshall and 4 Indians, Ratan Lal Jain, Hari Shankar Tibrewal, Girish Talreja, Mrigank Mishra , Shubham Soni but even so ravi Uppal and Saurabh Chandrakar because the app’s brains believe, stated more than a few media stories together with Hindustan Times.
EaseMyTrip stated that unwarranted hypothesis undermines the believe of its stakeholders. “To clarify, the two entities independently purchased EaseMyTrip shares through the open market in May 2021. Dividends of around Rs5 lakhs were paid to them in the normal course in December 2021, as per shareholder rights. There has been no other transaction or association with these entities,” an organization observation stated.
“This unwarranted speculation undermines the trust of our stakeholders and misrepresents the integrity of our leadership. We urge media outlets and the public to refrain from drawing conclusions based on unverified and unsubstantiated information,” it added. Earlier within the day, EaseMyTrip Founder and Chairman Nishant Pitti rubbished allegations that he was once connected to unlawful actions involving Sky Exchange, the Mahadev app, or any type of illegal behavior.
The Directorate of Enforcement (ED) had carried out searches on the premises of Nishant Pitti in mid-April 2025, underneath the provisions of the Prevention of Money Laundering Act (PMLA), 2002, within the “Mahadev Online Book Betting APP case”. “I strongly deny the recent allegations linking me to any illegal activities involving Sky Exchange, the Mahadev app, or any form of unlawful conduct. These claims are completely baseless, speculative, and misleading,” Nishant Pitti stated in a observation on Tuesday.
According to Pitti, somebody is creating a planned and sustained effort to tarnish his private popularity thru “false narratives and misinformation.” “Such tactics are not only defamatory but also intended to divert attention by dragging my name into unrelated matters without any factual basis,” stated Pitti in his observation.
“I have always conducted myself in full compliance with all financial, legal, and regulatory norms,” he added. Regarding the Rs 7 lakh recovered through the Enforcement Directorate from his house, Pitti stated the quantity represents a “legitimate personal cash withdrawal, proportionate to the size and needs of my family.”
He additional said, “It is fully accounted for, duly declared in financial records, and maintained in the normal course to meet household requirements and contingencies. I am fully cooperating with the authorities and remain prepared to provide any clarification.”
In the Mahadev app case, ED has thus far carried out searches at greater than 170 premises. Further, on account of the investigation, immovable and movable property valued at Rs 3,002.47 crore (roughly) had been seized/ frozen /hooked up within the case, consistent with an ED press observation dated April 21. ED has additionally arrested a complete of 13 individuals within the case. (With ANI inputs)
