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From Juice and Tyre Shops to the Mahadev Money Laundering Scheme The Rise and Fall of Sourabh Chandrakar and Ravi Uppal

Business Bytes · 1y

Sourabh Chandrakar and Ravi Uppal, hailing from humble backgrounds in Chhattisgarh, are under investigation for alleged money laundering. They began with juice and tyre shops but transitioned to online betting apps under the banner of "Mahadev," potentially involving Rs 5,000 crore in money laundering. Their journey reflects ambition and opportunity, with their empire reaching daily earnings of Rs 200 crore. However, the Enforcement Directorate is investigating their financial dealings, resulting in non-bailable warrants. Their story underscores the complex interplay of ambition, opportunity, and legal boundaries and serves as a cautionary tale of the consequences of unchecked ambition.