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Crime
CBI arrests key suspect in Rs 94,000‑crore Mahadev app fraud after UAE deportation
✍️ Times of India
🗓 25 Sep 2026, 08:48 AM
👁 8
The Central Bureau of Investigation has detained a principal accused in the Mahadev app scam, alleged to have siphoned off Rs 94,000 crore, following his deportation from the United Arab Emirates.
New Delhi – The Central Bureau of Investigation (CBI) announced the arrest of a senior figure linked to the Mahadev mobile application fraud, which authorities estimate caused a loss of roughly Rs 94,000 crore across India. The suspect, who had been residing in the United Arab Emirates, was deported to India after cooperation between Indian and Emirati law‑enforcement agencies.
According to the CBI, the accused played a pivotal role in orchestrating a scheme that misled investors and users of the Mahadev app, promising high returns through dubious financial products. The investigation, which began after multiple complaints from aggrieved investors, uncovered a complex network of shell companies and offshore accounts used to launder the proceeds.
The arrest follows a series of coordinated raids on the app’s operational offices and the seizure of electronic devices and financial records. CBI officials said the evidence collected will be presented to a special court to determine the next steps in the prosecution. The agency has urged other potential conspirators to come forward and cooperate with the ongoing probe.
The Mahadev app case has drawn widespread attention due to the sheer scale of the alleged fraud and its impact on small savers across the country. Authorities have warned the public to exercise caution while dealing with unregulated investment platforms and have reiterated that investigations are ongoing to trace the full extent of the financial damage.
According to the CBI, the accused played a pivotal role in orchestrating a scheme that misled investors and users of the Mahadev app, promising high returns through dubious financial products. The investigation, which began after multiple complaints from aggrieved investors, uncovered a complex network of shell companies and offshore accounts used to launder the proceeds.
The arrest follows a series of coordinated raids on the app’s operational offices and the seizure of electronic devices and financial records. CBI officials said the evidence collected will be presented to a special court to determine the next steps in the prosecution. The agency has urged other potential conspirators to come forward and cooperate with the ongoing probe.
The Mahadev app case has drawn widespread attention due to the sheer scale of the alleged fraud and its impact on small savers across the country. Authorities have warned the public to exercise caution while dealing with unregulated investment platforms and have reiterated that investigations are ongoing to trace the full extent of the financial damage.