Overview
- The Enforcement Directorate carried out coordinated searches at 12 locations across Maharashtra, Rajasthan, Gujarat and Delhi‑NCR on Wednesday, September 2, 2026, as part of its ongoing money‑laundering inquiry into Parimatch.
- Officials say the raids focused on payment companies, payment gateways, chartered accountants, company secretaries and cash‑management agents accused of converting betting proceeds into cash.
- Investigators allege some outward flows were routed through illegal remittances and sham Overseas Direct Investment (ODI) structures that masked transfers abroad.
- The probe traces back to an FIR by Mumbai Police's cyber unit accusing parimatch.com of duping users, and the ED has previously carried out searches and attached assets in the case.
- If the ED secures evidence in the current searches, the agency could press money‑laundering and foreign exchange violations against intermediaries and tighten controls on payment channels used by illegal betting operations.