Enforcement Directorate Freezes ₹526 Crore in Gameskraft Money Laundering Case
ED freezes ₹526 crore deposits in money laundering case against Gameskraft
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The Enforcement Directorate has frozen ₹526 crore in bank deposits and seized assets worth ₹3.5 crore in gold and ₹11 lakh in cash from Gameskraft, an online gaming platform based in Bengaluru, India. The action follows allegations of money laundering and unethical practices involving automated gaming bots that reportedly caused users financial losses totaling ₹1,154 crore.
- 01ED froze ₹526 crore in deposits linked to Gameskraft amid money laundering allegations.
- 02The agency seized gold worth ₹3.5 crore and ₹11 lakh in cash during the operation.
- 03Gameskraft's founders were arrested, accused of using bots to manipulate online gaming.
- 04The company reportedly caused users financial losses of ₹1,154 crore.
- 05Online money gaming was banned by the Indian government in August 2025.
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The Enforcement Directorate (ED) has taken significant action against Gameskraft Technologies Pvt Ltd, a Bengaluru-based online gaming platform, freezing ₹526 crore in bank deposits and seizing assets including ₹3.5 crore in gold and ₹11 lakh in cash. This operation, conducted under the Prevention of Money Laundering Act (PMLA), followed searches initiated on May 7, concluding on May 13. The ED arrested three founders—Deepak Singh, Prithvi Raj Singh, and Vikas Taneja—amid allegations of unethical practices involving automated gaming bots, which purportedly led to financial losses of ₹1,154 crore for users. The agency claims that the company misled users into playing against bots, causing severe mental distress, particularly among vulnerable individuals. The ED also alleges that Gameskraft laundered illicit earnings through investments in foreign entities and other financial instruments. The Indian government has banned online money gaming as of August 2025.
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The freezing of assets and the ongoing investigation may lead to increased scrutiny of online gaming platforms, potentially affecting their operations and user trust.
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