Home / Crime and Justice / ED Seizes Rs 442 Cr in Gameskraft Gaming Probe
ED Seizes Rs 442 Cr in Gameskraft Gaming Probe
27 Sep
Summary
- Enforcement Directorate attached Rs 442 crore in assets.
- Investigation targets Gameskraft and its Rummy apps.
- Allegations include using bots to cause user losses.
The Enforcement Directorate (ED) has attached assets valued at Rs 442 crore in an ongoing money laundering investigation against Gameskraft Technologies and its associated platforms like RummyCulture. This latest action brings the total value of attached assets in the case to Rs 2,843 crore.
The seized properties, frozen by a provisional order on September 25, include fixed deposits, commercial shops, a villa, and residential properties. These assets are held by shareholders' family members, trusts, and associated entities.
The ED alleges that Gameskraft's online real money gaming platforms, which boast a user base of approximately 3 crore, deployed BOTs (automated programs) without user consent. This practice allegedly led to substantial financial losses for users and generated illegal proceeds for the companies, fostering an addictive gaming environment.
It is noted that a significant number of users were located in states where online real money gaming is banned, such as Telangana, Andhra Pradesh, and Tamil Nadu.
