Enforcement Directorate Arrests Founders of Gameskraft in Money Laundering Case
ED arrests 3 founders of Gameskraft in PMLA case
The Economic Times
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The Enforcement Directorate has arrested three founders of Gameskraft, an online gaming platform, under the Prevention of Money Laundering Act (PMLA) for alleged fraud. The arrests follow multiple police FIRs linked to cheating and suicide cases, with investigations revealing significant financial irregularities.
- 01Three founders, Deepak Singh, Prithvi Raj Singh, and Vikas Taneja, were arrested for alleged money laundering.
- 02The arrests were made under the Prevention of Money Laundering Act (PMLA).
- 03The Enforcement Directorate conducted raids at 17 locations in Delhi-NCR and Karnataka.
- 04Gameskraft operates online real-money games, including 'RummyCulture' and rummytime app.
- 05The agency previously froze ₹18.57 crore (approximately $2.2 million USD) in bank accounts linked to the company.
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The Enforcement Directorate (ED) has arrested three founders of Gameskraft Technologies Ltd, an online gaming platform, in connection with a money laundering case. Deepak Singh and Prithvi Raj Singh were apprehended in the Delhi-NCR region, while Vikas Taneja was arrested in Bengaluru. The arrests were made under the Prevention of Money Laundering Act (PMLA) following multiple police FIRs alleging cheating and fraud associated with the company. The ED's investigation revealed that Gameskraft operates several online real-money games, including 'RummyCulture' and the rummytime app. The agency previously froze eight bank accounts containing deposits worth ₹18.57 crore (approximately $2.2 million USD) as part of the ongoing investigation. Raids were conducted at 17 locations across Delhi-NCR and Karnataka, resulting in the seizure of various documents related to the case. The agency has noted disturbing reports of suicides linked to individuals who were allegedly defrauded by the platform.
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The arrests may lead to increased scrutiny of online gaming platforms and their operations in India, particularly regarding financial practices.
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