New Delhi, May 27 -- The Enforcement Directorate (ED) has seized movable assets worth Rs 1.56 crore, including cash of approximately Rs 1.2 crore, and frozen funds amounting to Rs 3.8 crore held in various bank accounts.

The action was taken during search operations conducted on May 26 under the Prevention of Money Laundering Act (PMLA), 2002. The searches were carried out at 17 locations across Maharashtra, Rajasthan, Delhi, Gujarat, Daman, and Uttar Pradesh as part of an ongoing investigation into the Cyprus-based illegal online betting platform Parimatch.

During the search proceedings conducted by the Mumbai Zonal Office of the ED, officials recovered and seized various incriminating documents and digital devices.

The ED initiated i...