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ED chargesheets EaseMyTrip cofounder Nishant Pitti in Mahadev betting case

Our read

The chargesheet and ₹59.6 crore share attachment increase governance, legal and valuation risk for EaseMyTrip, despite the company’s denial of wrongdoing and stated cooperation.

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Whether the ED alleges involvement by EaseMyTrip, its subsidiaries, employees, or company-controlled accounts rather than only Nishant Pitti personally.

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The report,

ED chargesheeted EaseMyTrip cofounder Nishant Pitti in the Mahadev betting money-laundering case and attached ₹59.6 crore of his demat shares. Pitti and EaseMyTrip deny wrongdoing or formal notice; the company says it is cooperating with authorities.

ED attached ₹59.6 crore of Nishant Pitti's demat shares in the Mahadev betting case
Pitti demat shares attached by ED
₹59.6 crore

Newer report on another story , , afaqs : Prose Integrated wins strategic communications mandate for EaseMyTrip

Reported figures

From the report. Source details below

  • ₹1,700 Cr
  • ₹1,885 Cr
  • 14 people
  • 18 luxury properties

What to watch next

  • Any additional summonses, arrests, asset attachments, prosecution complaints, or court orders involving senior management.

The source

Source Read the source at Inc42

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