Money laundering act

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ED Raids 17 Locations In Parimatch Betting Probe, Seizes Cash And Freezes Rs 3.8 Crore

By IANS News May 27, 2026 • 18:22 PM View: 255

Mumbai Zonal Office: The Directorate of Enforcement's (ED) Mumbai Zonal Office conducted searches at 17 locations across Maharashtra, Rajasthan, Delhi, Gujarat, Daman and Uttar Pradesh on Tuesday, under the Prevention of Money Laundering Act (PMLA), in connection with an ongoing probe into the Cyprus-based illegal online betting platform Parimatch.

During the raids, the agency seized movable assets worth around Rs 1.56 crore, including cash amounting to nearly Rs 1.2 crore. The ED also froze approximately Rs 3.8 crore lying in various bank accounts. Several incriminating documents and digital devices were recovered during the search operations.

The ED initiated the investigation on the basis of an FIR registered by the Cyber Police Station, Mumbai, against Parimatch.com for allegedly duping users through online betting operations.

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