ED summons Zepto in Parimatch laundering probe over betting flyers in grocery bags
Enforcement Directorate has asked Zepto to join its money-laundering case against banned offshore betting platform Parimatch, alleging the quick-commerce firm ran promo campaigns and slipped betting flyers into deliveries. Zepto blames a third-party agency. Probe has already seized ₹110 crore in assets and 1,200 mule cards.
What happened
ED has asked Zepto to join its money-laundering probe into banned offshore betting platform Parimatch, alleging the quick-commerce app ran promotional campaigns
Key facts
- ₹1.2 crore cash seized
- ₹3.8 crore bank balances frozen
- ₹3,000 crore annual revenue
- ₹110 crore assets frozen
- 1,200 mule credit cards
- ₹85,000 crore offshore betting market
- 17 locations searched
Why this matters
Tighten partnership and ad-network due diligence clauses with indemnities and kill-switches, because tainted affiliates can now drag quick-commerce platforms into PMLA probes.