💥 How Betting Apps Launder Billions Through Mauritius – And Why the Govt Isn't Stopping Them

India’s booming betting industry isn't just a tech story — it’s a money movement machine. And the most recent Enforcement Directorate (ED) action reveals just how massive and murky this system is.

🧨 Mahadev App & ₹400 Crore Seized

The ED recently seized assets worth ₹400 crore linked to the Mahadev betting app in Chhattisgarh and Mumbai. What’s shocking is that these assets had backing from a Mauritius-based fund — Tano Investment Opportunities Fund. And all the beneficial owners? Indians.

That’s a textbook case of round-tripping.

🧨 Mahadev App & ₹400 Crore Seized

The ED recently seized assets worth ₹400 crore linked to the Mahadev betting app in Chhattisgarh and Mumbai. What’s shocking is that these assets had backing from a Mauritius-based fund — Tano Investment Opportunities Fund. And all the beneficial owners? Indians.

That’s a textbook case of round-tripping.

🌍 Why Everyone Loves Mauritius for Laundering

Mauritius is India’s 2nd largest source of FDI — contributing over $8 billion till FY 2023. But why?

• Tax-friendly treaties

• Shell-friendly legal structures

• Easy PE/VC setups

• Historical India-Mauritius trade agreements

• 

• 🔄 What’s Round-Tripping?

  1. Generate black money (via betting, scams, fake sales)

  2. Send it abroad through:

     • Crypto transfers

     • Shell company invoices

     • Over-invoicing imports

  3. Set up a Fund in Mauritius

  4. Reinvest in Indian startups, real estate, or media

  5. Show it as legit FDI under FEMA

  6. 

     📊 Some Big-Name Cases

     • Mahadev App – ₹400 Cr

     • NDTV – ₹403 Cr

     • Sahara Group – ₹5,000 Cr

     • Ravi Narayan (InfoTech Parks) – Thousands of crores

     All linked through shell firms, layered transactions, and Mauritius-based fronts.

     🚨 Crypto + Hawala = Invisible Transfers

     A large chunk of the hawala economy now uses crypto for cross-border movement. Add shell companies and fake invoicing, and you've got a perfect financial invisibility cloak.

     🏛️ Why Isn't the Government Stopping It?

     Even after major exposes, including alleged political involvement, the biggest betting apps in India still operate.

     Ask yourself this:

     If the government really wanted to stop them,
     wouldn’t they be gone by now?

     ---

     📢 Want More Insights?

     💼 Follow us on Instagram @shunyatax_global
     📈 Subscribe on YouTube, Twitter, LinkedIn & Facebook
     🔔 Stay informed. Stay financially empowered.