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

Enforcement Directorate froze Rs 110 crore in mule accounts. They also seized 1,200 mule credit cards. This action follows searches against Parimatch's Indian operations. Parimatch is a Cyprus-based online betting platform. The platform allegedly used aggressive marketing. It lured investors with high returns. The agency conducted searches in multiple cities.