India, Sept. 4 -- The Enforcement Directorate's Mumbai unit on Wednesday seized movable assets worth Rs.2.11 crore and froze bank funds worth Rs.37 crore as part of its money-laundering investigation into the Cyprus-based illegal online betting platform Parimatch and associated entities. The searches were conducted at 17 locations including Maharashtra, Rajasthan, Gujarat, Delhi and UP.

Apart from gold bars and cash, multiple incriminating documents and digital devices were also seized, ED officials said. The ED has so far frozen/seized assets worth approximately Rs.150 crore in the case. Parimatch is accused of generating around Rs.3,000 crore from Indian users in a year.

The agency initiated its investigation based on an FIR registere...