Directorate of Enforcement attaches ₹1,906-crore assets in Gameskraft money-laundering probe
The Directorate of Enforcement has attached assets worth ₹1,906 crore from Gameskraft Technologies in a money-laundering investigation. The agency alleges the company used bots to defraud users and laundered proceeds through complex financial layering.
Why it matters
This case underscores the government's crackdown on the online real-money gaming industry and its efforts to curb financial crimes.
The Directorate of Enforcement (ED) on Friday announced that it has provisionally attached movable and immovable assets worth approximately ₹1,906 crore belonging to Gameskraft Technologies Pvt. Ltd., its shareholders, and associated entities in connection with a money-laundering case.
The agency said that the action was taken in connection with its probe into the generation and laundering of proceeds of crime.
The ED initiated its investigation based on multiple FIRs registered in Telangana for offences of cheating under the Bharatiya Nyaya Sanhita (BNS), which are scheduled offences under the PMLA.
Earlier this year, the agency conducted searches on the company’s office premises and the residences of its directors and some employees between May 7 and May 13 and again on June 20 and 21.
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