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ED freezes Gameskraft assets worth INR 526 crore in PMLA probe into alleged bot led rummy fraud

Business
Published on 15 May 2026
ED freezes Gameskraft assets worth INR 526 crore in PMLA probe into alleged bot led rummy fraud

ED says Gameskraft hid bot rivals from users

The Enforcement Directorate has announced an INR 526.49 crore freeze of movable assets linked to Bengaluru-based real-money gaming platform Gameskraft Technologies Ltd after PMLA searches concluded. The action follows raids across Karnataka and Delhi-NCR between May 7 and May 13. ED claims bank deposits and payment gateway balances, bonds, and fixed deposits were frozen, and it seized INR 3.5 crore in gold, diamond jewellery, bullion, plus INR 11 lakh cash. The agency alleges fraud, including bot-based manipulation, and says proceeds were routed through investments and foreign entities.

  • ED froze INR 526.49 crore in bank deposits and other movable assets
  • Frozen items include deposits in banks and payment gateways, bonds, and fixed deposits
  • ED seized INR 3.5 crore in gold, diamond jewellery, and bullion, plus INR 11 lakh cash
  • Raids occurred in Bengaluru and Delhi-NCR from May 7 to May 13
  • ED says founders Deepak Singh, Prithvi Raj Singh, and Vikas Taneja were detained
  • ED alleges bot-based manipulation caused user losses of around INR 1,154 crore
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This summarization was done by Beige for a story published on Startup TalkyStartup Talky

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