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3d ago

ED Questions Suresh Raina Under PMLA, Conducts Multi-City Raids in Parimatch Probe

ED has expanded its crackdown with raids across six states, summons to public figures, requests for digital advertising records to map money trails in the illegal betting network.

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Suresh Raina, a former Team India star, is one among many celebrities being questioned in the wide probe.

Overview

  • Suresh Raina appeared before the ED in New Delhi on August 13 to record his statement under the Prevention of Money Laundering Act over alleged endorsements of the 1xBet betting app.
  • ED teams carried out coordinated searches at 15 premises in Mumbai, Delhi-NCR, Hyderabad, Jaipur, Madurai and Surat, seizing financial records and freezing related assets in the Parimatch betting racket probe.
  • The investigation traces back to a PMLA ECIR registered in July based on five state FIRs that named 29 actors, influencers and tech intermediaries for promoting and rebranding illegal betting platforms through surrogate ads.
  • Investigators have summoned Google and Meta officials to provide digital ad placement data as they unravel complex layering schemes involving mule accounts, crypto wallets, ATM withdrawals and low-value UPI transfers.
  • Preliminary findings indicate over ₹2,000 crore was laundered through these methods and suggest top betting apps may have evaded up to ₹27,000 crore in taxes annually while engaging around 220 million users.