Surat: The Enforcement Directorate (ED) has carried out raids at several locations across Mumbai, Delhi-NCR, Hyderabad, Jaipur, Madurai, and Surat as part of an investigation into a money laundering case linked to the illegal betting app Parimatch.

Preliminary findings by the ED reveal that over ₹2,000 crore were collected from defrauded users and funneled into mule accounts. These funds were then circulated through multiple payment aggregators and domestic money transfer operators.

The ED further stated that the money was moved through various channels, including crypto wallets, cash withdrawals from ATMs in a locality in Tamil Nadu, numerous low-value UPI transactions, and other methods to obscure the trail. DeshGujarat