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NewsThe HinduMonday, 21 September 2026NEW

ED files chargesheet against EaseMyTrip promoter Nishant Pitti in Mahadev betting app case

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Summary

Pitti, on behalf of the promoters of NzVs Easy Trip Planners Ltd., entered into a pre-arranged stock price manipulation deal with Amardeep Sharma to artificially inflate the share price and market capitalisation of IWs Easy Trip Planners Ltd., the chargesheet filed in a special PMLA court says

Key Facts

TypeNews
SourceThe Hindu - National
PublishedMonday, 21 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg

Key Authorities

Ministry of FinanceRBISEBIDEA

Key Stakeholders

TaxpayersBanks & NBFCsInvestors

Government Context

NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight

Amendment History

1 change recorded for this policy.

DescriptionTuesday, 22 September 2026via hindustan_times
Pitti, on behalf of the promoters of NzVs Easy Trip Planners Ltd., entered into a pre-arranged stock price manipulation deal with Amardeep Sharma to artificially inflate the share price and market capitalisation of IWs Easy Trip Planners Ltd., the chargesheet filed in a special PMLA court says
ED alleged that Nishant Pitti facilitated the entry of proceeds of illegal betting into the Indian equity market under the guise of foreign portfolio investments

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