New Delhi, May 14 -- The Enforcement Directorate (ED) has conducted extensive searches against Gameskraft Technologies Pvt. Ltd. and its directors in an alleged online gaming fraud and money laundering case involving suspected user losses of over Rs 1,154 crore. The searches, carried out by the Bengaluru Zonal Office between May 7 and May 13, covered company offices and residences of directors and key employees in Bengaluru and the NCR.
During the operation, the ED froze movable assets worth about Rs 526.49 crore, including bank balances, payment gateway funds, mutual funds, bonds and fixed deposits. The agency also seized 2.30 kg of bullion, gold and diamond jewellery valued at around Rs 3.5 crore, along with Rs 11 lakh in cash.
According to the ED, the probe arose from multiple FIRs alleging cheating. The agency claimed Gameskraft operated real-money gaming platforms in states where online rummy is banned by allegedly manipulating users' geo-location data.
Investigators further alleged that the company used automated bots to compete against users without disclosure, initially allowing small wins before exposing players to higher-stakes games leading to heavy losses. The ED has arrested company directors Prithvi Raj Singh, Vikas Taneja and Deepak Singh Ahlawat under PMLA.
Published by HT Digital Content Services with permission from Millennium Post.