India, Oct. 21 -- Over a year ago, on August 12, 2025, when the Enforcement Directorate's (ED) Mumbai unit carried out searches as part of a money-laundering probe against Parimatch and its associated entities, the exercise indicated the scale of the pan-India investigation against the Cyprus-headquartered online betting platform accused of operating illegally in the country.

The ED's teams fanned out to 17 locations across seven states and Union Territories (UT)-Maharashtra (Mumbai), Delhi, Rajasthan (Jaipur), Gujarat (Surat), Uttar Pradesh (Kanpur and Noida), Tamil Nadu (Madurai) and Telangana (Hyderabad)-and froze funds worth Rs.110 crore lying in various bank accounts. These bank accounts, known as mule accounts, were used to receive...