ED Freezes Rs.526 Crore Assets in Gameskraft Money Laundering Investigation:

ED Freezes Rs.526 Crore Assets in Gameskraft Money Laundering Investigation The Enforcement Directorate (ED) has frozen bank deposits and financial assets worth more than Rs. 526 crore and seized gold jewellery and cash during searches conducted in a money laundering investigation against Gameskraft Technologies Ltd. and its associated entities. According to officials, the searches were carried out between May 7 and May 13 at locations in Delhi-NCR and Bengaluru under the provisions of the Prevention of Money Laundering Act (PMLA). During the operation, the agency froze movable assets including bank deposits, bonds and fixed deposits amounting to Rs. 526.49 crore. It also seized gold jewellery worth Rs. 3.5 crore and cash of Rs. 11 lakh.

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The ED also arrested the company’s founders  Deepak Singh, Prithvi Raj Singh and Vikas Taneja in connection with the investigation. The money laundering case was initiated after the agency took cognisance of multiple FIRs alleging cheating and fraud linked to online real-money gaming operations. According to ED officials, the platform operated games such as “RummyCulture” and the “rummytime” app. The ED stated that movable assets worth Rs. 526.49 crore were frozen while gold jewellery worth Rs. 3.5 crore and cash of Rs. 11 lakh were seized during the searches.

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The investigation is being conducted under the provisions of the Prevention of Money Laundering Act following allegations that the company and associated entities were engaged in unlawful online gaming activities. Officials also noted that online money gaming had been banned by the government in August 2025.