Illegal betting app case: ED conducts raids at 15 locations across several states
As per ED officials, the preliminary investigation shows that the funds were collected from duped users in mule accounts.
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A month ago, ED booked several actors, TV hosts for promoting several illegal betting apps. The Enforcement Directorate (ED) in Mumbai on Tuesday carried out searches at around 15 locations in Mumbai, Delhi-NCR, Hyderabad, Jaipur, Madurai and Surat in connection with the case over the illegal betting app ‘parimatch’.
More than Rs 2,000 crore was allegedly duped from users of the betting app.
The investigation was initiated under Prevention of Money Laundering Act (PMLA) on the basis of an FIR registered by Cyber Police Station, Mumbai in 2024.
As per ED officials, the preliminary investigation shows that the funds were collected from duped users in mule accounts.
These funds, aggregating to sums more than Rs 2,000 crore, were layered through multiple payment aggregators and domestic money transfer agents.
This amount was then layered and sent through crypto wallets, cash withdrawals through ATMs in one locality of Tamil Nadu, low value UPI transfers, etc.
The central agency’s investigative team has so far seized various documents, mobile phones, and computer peripherals.
‘Parimatch’ is a Cyprus-based gaming and betting application that began operations on a large scale in India in 2021.
A month ago, ED booked several actors, TV hosts for promoting several illegal betting apps.
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