ED seizes stake in Gensol Engg linked to Mahadev betting app case

ED has confiscated a stake in Gensol Engineering linked to the Mahadev betting app case's accused Hari Shankar Tibrewal. ED holds 520,063 shares, or 1.37% of Gensol's equity as of FY25 Q3. The shares were earlier held by Dubai's Zenith Multi Trading DMCC, which Tibrewal was associated with. Tibrewal siphoned the money through multiple companies operating in India and abroad.