The travel booking platform Ezmitrip denied allegations against his founder and chairman Nishant Pitti in the Mahadev app betting case on Wednesday. The company said that these claims are completely baseless, misleading and factually baseless. According to PTI news, Pitti has been accused of allegedly colluding with a network of operators, who allegedly used income from illegal betting operation to manipulate 25 listed companies to manipulate the share prices, allegedly in collusion with their promoters.
ID searched the premises of Pitti
According to the news, the Enforcement Directorate (ED) searched Pitti complexes in April as part of the new multi-state raids in the money laundering case related to the Mahadev online betting app. The raids were killed at 55 places including Delhi, Mumbai, Chandigarh, Ahmedabad, Indore, Jaipur, Chennai and Sambalpur in Odisha.
Ezmitrip said in a statement that we clearly and clearly denote the allegations made in the so -called Mahadev app betting case against our founder and president Nishant Pitti. These claims are completely baseless, misleading and factually baseless.
The company claimed that…
Ezmitrip said that Pitti has no direct or indirect relations with any illegal betting operating or institutions related to the Mahadev app. Further clarification, the company claimed that two institutions independently bought shares of Ezmitrip through the open market in May 2021. According to shareholder rights, he was generally given a dividend of about Rs 5 lakh in December 2021. There has been no other transaction with these institutions. On Wednesday, Ezmitrip shares fell by 3.99 percent to Rs 11.07 on BSE.
Latest business news
