<h1>Rs 110 Crore Frozen in Online Betting Money Laundering Case Under PMLA Section</h1> The Enforcement Directorate froze Rs 110 crore in bank funds and seized 1,200 credit cards linked to mule accounts used by an illegal online betting platform operating in India. The platform allegedly lured investors with high returns, generating over Rs 3,000 crore in a year through aggressive marketing and surrogate advertisements. Investigations revealed the use of mule accounts for layering and money laundering, with funds routed through cash withdrawals, hawala operators, cryptocurrency purchases, and domestic money transfer agents. Payment companies denied licenses by the central bank provided APIs to facilitate fund collection, disguising transactions as e-commerce refunds and vendor payments to conceal the money flow. The probe follows an FIR alleging user fraud through online betting, with searches conducted across multiple cities under the Prevention of Money Laundering Act.