The Enforcement Directorate (ED) has claimed that the promoters of the Mahadev Book app made Rs 450 crore per month by offering illegal bets through a cache of online applications. The ED has filed a prosecution complaint (PC), equivalent to a charge sheet, where it alleged that a significant portion of the money earned has been invested in the Indian stock market through the Foreign Portfolio Investment (FPI) route. The investigation revealed that the app’s promoters were making huge profits, amounting to Rs 450 crore per month. This illegal betting activity has raised serious concerns about the lack of regulation in the online gambling industry. The ED has taken strict action against the promoters and is seeking further investigation into their illegal activities.