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4d ago

EaseMyTrip CEO Nishant Pitti Named in ED’s Mahadev Betting App Investigation

The Enforcement Directorate has accused Pitti of financial misconduct, including links to illegal betting platform Sky Exchange, while he denies all allegations.

EaseMyTrip CEO Nishant Pitti has denied all charges against him in probe linked to Mahadev betting app scam.
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EaseMyTrip | Image: Freepik, EaseMyTrip

Overview

  • The Enforcement Directorate has formally added Nishant Pitti, CEO of EaseMyTrip, as a respondent in the Mahadev Betting App money laundering case under the Prevention of Money Laundering Act (PMLA).
  • Pitti is accused of being aware of Sky Exchange's illegal operations and allegedly aiding in stock price manipulation of 25 companies using illicit betting proceeds.
  • The ED claims EaseMyTrip made payments in 2021 to two shell firms linked to Sky Exchange, identified as Nischay Trading Pvt Ltd and Silvertoss Shoppers Pvt Ltd.
  • During April 2025 raids, the ED seized ₹7 lakh in cash from Pitti's residence, which the agency suspects may be proceeds of crime; Pitti asserts it is part of declared assets.
  • Digital evidence, including data from an associate’s laptop, reportedly lists Pitti as an agent for Sky Exchange, but Pitti and EaseMyTrip have categorically denied all allegations and pledged full cooperation with the investigation.