News
ED Traces ₹900 Crore In Parimatch Betting Proceeds; Raids Uncover Sham ODIs, Bogus Imports, Seizes ₹2.11 Crore Assets, Freezes ₹37 Crore
Summary by The Mumbai Editorial Desk · As published by Free Press Journal
· September 3, 2026
· 1 min read
Photo: Free Press Journal · view original
Story provenance No corrections
Summary created by The Mumbai Editorial Desk — automated, rule-governed Published by Free Press Journal Original story Read at the source Source published Sep 3, 2026 Indexed here Sep 3, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
Every story comes with a passport. How we work · Corrections log
Key points The agency's money-laundering investigation led to searches at 17 locations, resulting in the seizure of movable assets worth around ₹2. The Enforcement Directorate has traced funds of over ₹900 crore generated through an illegal online betting platform.
The Enforcement Directorate has traced funds of over ₹900 crore generated through an illegal online betting platform. These funds were allegedly routed abroad through sham overseas direct investment transactions and bogus imports of services. The agency's money-laundering investigation led to searches at 17 locations, resulting in the seizure of movable assets worth around ₹2.11 crore.
Assets worth approximately ₹150 crore had been frozen and seized earlier. The Enforcement Directorate's findings are part of an ongoing investigation into the betting platform.
Further details of the investigation and the actions taken by the Enforcement Directorate are available from the source.
More News Today’s briefing Local events
Why this story is here
Free Press Journal reported and published this story. The Mumbai selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
About this story
As published by Free Press Journal . The Mumbai selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Free Press Journal . Have a tip or correction? Contact the editor .
Category: News ·
Published: September 3, 2026 ·
Source: Free Press Journal ·
Reading time: 1 min
Frequently asked about this story
What is this story about? The Enforcement Directorate has traced funds of over ₹900 crore generated through an illegal online betting platform. These funds were allegedly routed abroad through sham overseas direct investment…
When was this published? This article was first published on September 3, 2026 by Free Press Journal and curated for The Mumbai readers.
Who reported this story? This story was reported by Free Press Journal. To learn more about how The Mumbai selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The Mumbai, or browse our daily briefing and topic hubs .
← Back to all news
More News →
Today’s briefing
Subscribe to newsletter