Mahadev app: 17 raids, ED freeze on Rs 100cr shares

Enforcement Directorate froze demat accounts worth Rs 100 crore in a money laundering case related to Mahadev gaming app. Raids in Mumbai, Delhi, Kolkata, Chhattisgarh, and Madhya Pradesh. The partner routed money overseas through the hawala channel and used FDI and FPI to invest in stocks.