Whalesbook
Key Assets Frozen in Gameskraft Probe
The Enforcement Directorate (ED) has frozen ₹526.49 crore in bank deposits and seized gold jewellery worth ₹3.5 crore plus ₹11 lakh in cash from online gaming platform Gameskraft. This action was taken under money laundering laws following searches conducted in Delhi-NCR and Bengaluru earlier this week.
Gameskraft's Alleged Illegal Operations
Investigators allege that Gameskraft facilitated real-money rummy games in states where such online activities are prohibited. The agency claims the company bypassed these bans by tampering with geo-location systems. Users were also reportedly unaware they were playing against automated bots or algorithms instead of human opponents.
Founders Arrested, User Losses Mount
Following the extensive searches, the ED arrested three founders of the Bengaluru-based company: Deepak Singh, Prithvi Raj Singh, and Vikas Taneja. These arrests are part of a money laundering investigation initiated after multiple police complaints regarding alleged cheating and fraud. The ED estimates that users may have lost around ₹1,154 crore through the platform's operations.
Investigation Targets Key Gaming Platforms
Gameskraft Technologies Ltd and its related entities are now at the center of this money laundering probe. The agency's findings point to a pattern of illegal financial activities connected to the company's online gaming operations, including platforms like 'RummyCulture' and 'rummytime app'.