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

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

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.

Summarised by Beize from a story on Startup Talky on 15 May 2026
Kolkata DCP Shantanu Biswas Arrested by ED in Extortion Racket Case

Kolkata DCP Shantanu Biswas Arrested by ED in Extortion Racket Case

Kolkata Deputy Commissioner of Police Shantanu Sinha Biswas has been arrested by the Enforcement Directorate in connection with an alleged extortion racket. Reports say the ED had faced months of legal hurdles and repeated non-appearance, leading to a lookout notice. He later showed up for questioning after the BJP toppled the Mamata government in West Bengal. The ED alleges his responses raised concerns, saying he concealed facts and failed to cooperate, with claims of collusion involving criminal ‘Sona Pappu’ and businessman Jai Kamdar.

Summarised by Beize from a story on Republic on 14 May 2026

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ED Freezes Gameskraft Assets 526 Cr Accuses Bot Tricks and High Stake Losses

ED Freezes Gameskraft Assets 526 Cr Accuses Bot Tricks and High Stake Losses

The Enforcement Directorate has frozen Gameskraft Technologies assets worth ₹526.49 crore, seizing gold jewellery and cash as part of a money laundering probe. ED claims the company bypassed geolocation bans and used bots to manipulate outcomes, first luring users with small wins before losses at higher stakes. The action follows arrests of cofounders and scrutiny intensified by the 2025 online gaming law.

Summarised by Beize from a story on Inc42 on 14 May 2026
ED arrests Sujit Bose in alleged municipal jobs scam over flats cash and candidate list

ED arrests Sujit Bose in alleged municipal jobs scam over flats cash and candidate list

The Enforcement Directorate has arrested former West Bengal minister Sujit Bose, a TMC leader, in connection with alleged irregularities in municipal recruitments. ED claims he recommended 150 candidates for jobs in exchange for flats and cash, as part of a broader probe into recruitment wrongdoing across West Bengal municipalities.

Summarised by Beize from a story on Republic on 11 May 2026
Gurugram Court Orders Seven Day ED Remand for Punjab Minister Sanjeev Arora in 100 Crore GST Case

Gurugram Court Orders Seven Day ED Remand for Punjab Minister Sanjeev Arora in 100 Crore GST Case

A Gurugram sessions court granted a seven-day ED remand to Punjab Minister Sanjeev Arora after his arrest in a Rs 100 crore money laundering case tied to alleged fraudulent GST transactions. The Enforcement Directorate had sought a 10-day remand following multiple raids, but the court decided on a shorter custody period as the probe continues.

Summarised by Beize from a story on Republic on 10 May 2026
Punjab CM Mann fires back at ED action claiming politics of hate won’t work here

Punjab CM Mann fires back at ED action claiming politics of hate won’t work here

Punjab Chief Minister Bhagwant Mann launched a direct attack on the BJP after ED action against a minister, saying the party “does not love Punjab but hates it.” Mann further alleged the BJP is fomenting unrest across different parts of the country, escalating the political battle around central enforcement and state-level governance.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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ED arrests Punjab minister Sanjeev Arora in Rs 100 crore GST-linked money laundering case

ED arrests Punjab minister Sanjeev Arora in Rs 100 crore GST-linked money laundering case

The Enforcement Directorate has arrested Punjab minister Sanjeev Arora in a Rs 100 crore money laundering case tied to alleged fraudulent GST transactions. Officials said the arrest comes in connection with an ongoing investigation involving suspected fake or improper tax-related dealings. The ED is expected to continue probing the case’s financial trail and links to others involved.

Summarised by Beize from a story on The Economic Times on 9 May 2026
AAP Industries Minister Sanjeev Arora arrested by ED after multi state raids in Chandigarh

AAP Industries Minister Sanjeev Arora arrested by ED after multi state raids in Chandigarh

Punjab AAP is shaken after the ED arrested Sanjeev Arora, the state’s Industries and Power minister, from his Chandigarh residence. The action follows extensive multi state raids, marking a rare move against a first sitting AAP minister. Party leaders called it politically motivated while authorities cited ongoing investigation details.

Summarised by Beize from a story on Republic on 9 May 2026
ED raids Punjab minister Sanjeev Arora again probing alleged money laundering links

ED raids Punjab minister Sanjeev Arora again probing alleged money laundering links

The Enforcement Directorate has carried out fresh searches in a money laundering investigation involving Punjab Industries Minister Sanjeev Arora and associates. Raids were conducted at Arora’s Chandigarh residence and at a Gurugram real estate firm. The action follows earlier ED steps under FEMA and a money laundering probe that began in 2024, spotlighting alleged financial links across locations.

Summarised by Beize from a story on The Economic Times on 9 May 2026
ED investigates alleged fake foreign ESOPs used to launder money and dodge remittance rules

ED investigates alleged fake foreign ESOPs used to launder money and dodge remittance rules

The Enforcement Directorate has begun probing employee stock options (ESOPs) offered by foreign firms to Indian workers. The investigation focuses on whether such ESOPs were misused to launder money and circumvent foreign remittance rules. Experts warn that fake or manipulated ESOP arrangements could help hide overseas funds or push remittances beyond permissible limits.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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Congress targets Modi over sluggish private investment and warns of ED CBI IT raid raj culture

Congress targets Modi over sluggish private investment and warns of ED CBI IT raid raj culture

Congress hit out at the Modi government, saying private corporate investment remains sluggish as consumer demand weakens from stagnant real wages and concerns grow about a “raid raj” driven by ED, CBI and IT actions. Chief Economic Adviser V Anantha Nageswaran pointed out that while big firms’ profits have surged post COVID, private capital formation is still disappointing, urging deeper reflection on investment reluctance.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Supreme Court blasts its own Registry for skipping ED notice calling it super CJI behavior

Supreme Court blasts its own Registry for skipping ED notice calling it super CJI behavior

The Supreme Court sharply criticized its own Registry for allegedly not issuing notice to the Enforcement Directorate during an Ayushi Mittal bail hearing tied to a major fraud case. Judges accused officials of behaving like a “super Chief Justice of India,” and ordered an inquiry into why prior court instructions were not followed.

Summarised by Beize from a story on The Economic Times on 4 May 2026
MoS Pankaj Chaudhary defends ED role saying it cleanses financial crimes not targets people

MoS Pankaj Chaudhary defends ED role saying it cleanses financial crimes not targets people

Finance Minister of State Pankaj Chaudhary defended the Enforcement Directorate, calling it a “nation’s shield against financial crimes.” He said the agency has met the trust placed in it by successive governments and has set “new standards.” While emphasizing ED’s mandate to cleanse wrongdoing, he added that the focus is not on targeting any individual.

Summarised by Beize from a story on The Economic Times on 1 May 2026
ED attaches Raheja Developers assets worth over 1110 crore in homebuyers fraud probe

ED attaches Raheja Developers assets worth over 1110 crore in homebuyers fraud probe

The Enforcement Directorate has attached assets worth more than Rs 1,100 crore linked to Raheja Developers, citing a money-laundering probe into alleged fraud against homebuyers. During recent searches, the agency seized bullion and foreign currency. It alleges that money collected from over 4,600 homebuyers was siphoned off and used for purposes unrelated to the projects.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026

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ED raids Kolkata homes of businessmen over land grabbing and financial fraud probe linked to fugitive

ED raids Kolkata homes of businessmen over land grabbing and financial fraud probe linked to fugitive

The Enforcement Directorate carried out raids at multiple locations in Kolkata, targeting the residences of two businessmen. The searches form part of an ongoing probe into alleged land grabbing and financial fraud connected to fugitive criminal “Sona Pappu.” Officials are scrutinizing whether the businessmen acted as conduits for illicit transactions in the case.

Summarised by Beize from a story on The Economic Times on 26 Apr 2026
AAP slams BJP over Rajya Sabha defections, says ED scares big netas not volunteers

AAP slams BJP over Rajya Sabha defections, says ED scares big netas not volunteers

Aam Aadmi Party leaders hit back after several Rajya Sabha MPs switched to the BJP. Delhi state president Saurabh Bharadwaj accused the BJP of fearing questions and opposition, arguing that the ruling party can be pressured while ordinary AAP workers face different consequences. The defectors’ formal announcement was welcomed by BJP leadership as a chance to counter the AAP politically.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
ED raids Raheja Developers with probe into alleged home buyer fraud and stalled flats

ED raids Raheja Developers with probe into alleged home buyer fraud and stalled flats

The Enforcement Directorate has carried out fresh searches at seven locations across Delhi-NCR in a money laundering investigation linked to alleged fraud against home buyers. The probe centers on claims that flats in the Raheja Revanta project were not delivered, raising questions over how funds were used and whether investors were misled.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
ED raids nine places in West Bengal over alleged PDS wheat scam

ED raids nine places in West Bengal over alleged PDS wheat scam

The Enforcement Directorate (ED) carried out searches at nine locations in West Bengal tied to an ongoing money laundering probe in a Public Distribution System (PDS) scam case. Officials say the raids stem from an investigation launched on information including a West Bengal Police FIR from October 23, 2020, which alleges large-scale diversion of PDS wheat meant for welfare schemes.

Summarised by Beize from a story on Republic on 25 Apr 2026

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Jaypee homebuyers wait nearly two years as ED probes alleged fund diversion

Jaypee homebuyers wait nearly two years as ED probes alleged fund diversion

Nearly two years after a resolution plan by Suraksha Realty was cleared, Jaypee homebuyers say deliveries have barely moved forward. The frustration is now compounded by fresh scrutiny, with enforcement agencies starting probes into allegations of fund diversion. The parallel—slow progress on projects and investigations on money trail—has left buyers with unanswered timelines and rising uncertainty.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
ED flags Indians buying Dubai properties via credit cards and payment links

ED flags Indians buying Dubai properties via credit cards and payment links

The Enforcement Directorate has flagged Indian buyers of Dubai properties, alleging they paid deposits or made transactions using international credit cards during visits or via payment links shared by UAE developers. Authorities say many may not have realized they were violating Indian laws, but the ED is probing the transactions and compliance gaps.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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