India, May 28 -- The Enforcement Directorate's Mumbai unit on Tuesday conducted searches at 17 countrywide locations as part of its money-laundering investigation into the Cyprus-based illegal online betting platform Parimatch, which is accused of generating around Rs.3,000 crore from Indian users in 2024-25 by luring them with promises of high returns.

During the searches, movable assets of around Rs.1.56 crore, including cash of around Rs.1.2 crore, were seized while Rs.3.8 crore in bank funds were frozen. Incriminating documents and digital devices were also seized. So far, assets worth Rs.112 crore have been frozen.

Acting on a case registered by the Mumbai cyber police against the website 'Parimatch.com', the ED probe found that th...