Parimatch Betting Probe: ED Uncovers Complex CMS Cash

Parimatch Betting Probe: ED Uncovers Complex CMS Cash-Swap Mechanism Exploiting E

The ED has allegedly uncovered a CMS “cash-swap” mechanism in its Parimatch money-laundering probe. Investigators allege that cash from legitimate e-commerce COD collections was diverted to betting-linked intermediaries, while equivalent digital funds settled platform obligations. The cash was then allegedly routed through hawala and crypto channels.