Illegal betting app: ED freezes Rs 110 crore worth bank funds; seizes 1,200 credit cards

NEW DELHI: Funds worth Rs 110 crore kept in mule bank accounts have been frozen and 1,200 mule credit cards were seized following recent searches against the Indian operations of a Cyprus-based “illegal” online betting platform named Parimatch, the Enforcement Directorate said on Thursday.

Parimatch app, as per the federal probe agency, gained visibility in the country through “aggressive” marketing, including sponsorship of sports tournaments and partnerships with well-known celebrities.