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₹526 Crore Bank Deposits Frozen as ED Intensifies Probe Into Online Gaming Platform Gameskraft
The Enforcement Directorate has frozen bank deposits worth Rs 526 crore belonging to online gaming platform Gameskraft. Three founders of the company have been arrested in a money laundering case. This action was taken based on an FIR related to fraud and cheating.
A strong hand was played by the Enforcement Directorate in dealing with the online games website Gameskraft. The authority froze bank deposits totaling Rs 526 crores in the money laundering case. Also, gold ornaments worth Rs 3.5 crores and cash to the tune of Rs 11 lakhs were confiscated from the firm.
As per reports, the operation was conducted under the Prevention of Money Laundering Act. Searches conducted on the Bengaluru-based company were carried out in Delhi-NCR and Bengaluru between May 7 and May 13. As part of the searches, movable assets, including bank deposits, bonds, and fixed deposits amounting to Rs 526.49 crores were frozen. Following the raid, the authority arrested three founders of the company – Deepak Singh, Prithvi Raj Singh, and Vikas Taneja.
The central agency registered a money laundering case against Gameskraft Technologies Limited and other related entities based on several police FIRs related to fraud and cheating. Gameskraft operates online real-money games such as 'RummyCulture' and 'RummyTime App.' The government banned online real-money games in August 2025.
