ED raids payment companies, CAs in online betting case
The Enforcement Directorate has conducted multi-state raids targeting payment companies and financial professionals linked to the online betting firm Parimatch. The investigation focuses on allegations of money laundering and illegal remittances routed through sham investments.
Why it matters
This investigation highlights the growing regulatory scrutiny of online betting platforms and the use of financial intermediaries to facilitate illicit cross-border money transfers.
The Enforcement Directorate on Wednesday (September 2, 2026) conducted fresh multi-state searches covering payment companies, chartered accountants, and company secretaries in a money laundering investigation involving online betting firm Parimatch and a few others, officials said.
Raids were made at five locations in Maharashtra, four in Delhi-NCR, two in Rajasthan, and one in Gujarat, they said.
Under scanner are payment companies, which allegedly converted betting proceeds into cash through chartered accountants and company secretaries and helped send the money abroad in illegal remittances and "sham" Overseas Direct Investment (ODI) routed via payment gateways on behalf of Parimatch, the officials said.
The case stems from an FIR filed by the cyber police station of Mumbai Police against parimatch.com for "duping" users through online betting.
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