Download the app
App StorePlay Store
Beige
Login
← All tags

pmla

Delhi HC calls ED for reply in Al Falah University chairman bail bid over Rs 415 crore fraud case

Delhi HC calls ED for reply in Al Falah University chairman bail bid over Rs 415 crore fraud case

The Delhi High Court has asked the Enforcement Directorate to respond to Al Falah University group chairman Jawad Ahmed Siddiqui’s regular bail plea in a money laundering case tied to alleged misuse of student fees. Justice Saurabh Banerjee issued notice to the ED. While the main bail application is listed for July, interim bail is set to be heard at month-end. Siddiqui was arrested on November 18, 2025, after the trial court rejected his bail on May 2.

Summarised by Beize from a story on The Economic Times on 15 May 2026
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

Your news, in seconds

App StorePlay Store
ED freezes Rs 526 crore bank deposits in Gameskraft PMLA crackdown against founders using illegal bots

ED freezes Rs 526 crore bank deposits in Gameskraft PMLA crackdown against founders using illegal bots

The Enforcement Directorate has frozen Rs 526 crore in bank deposits and seized gold jewellery and cash in a PMLA probe targeting Bengaluru-based online gaming firm Gameskraft and three arrested founders. Searches began on May 7 across Delhi-NCR and Karnataka, ending May 13. ED says movable deposits and investments were immobilised while jewellery and cash were confiscated. It alleges the company used illegal bots to manipulate real-money rummy, causing user losses of Rs 1,154 crore and severe distress. Gameskraft denies bot involvement and faces money-laundering accusations.

Summarised by Beize from a story on The Economic Times on 14 May 2026
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
Saket court orders three day police custody for Al Falah University chairman in PMLA money laundering case

Saket court orders three day police custody for Al Falah University chairman in PMLA money laundering case

A Delhi Saket court granted three days of police custody to Jawad Ahmad Siddiqui, chairman of Al-Falah University, in a PMLA-linked money laundering case. The Enforcement Directorate says the Al-Falah Trust generated over Rs 493 crore in proceeds of crime. His earlier bail plea was rejected, and the ED has already filed a charge sheet.

Summarised by Beize from a story on The Economic Times on 10 May 2026
ED arrests three Gameskraft founders in PMLA case tied to alleged fraud and money laundering

ED arrests three Gameskraft founders in PMLA case tied to alleged fraud and money laundering

The Enforcement Directorate has arrested three founders of online gaming platform Gameskraft—Deepak Singh, Prithvi Raj Singh, and Vikas Taneja—under the PMLA. The move follows raids and a money laundering case tied to alleged fraud. ED had earlier frozen their bank accounts as part of its investigation, signaling the probe is widening beyond initial allegations.

Summarised by Beize from a story on The Economic Times on 8 May 2026

Never miss a story

App StorePlay Store
ED freezes Anil Ambani group assets worth 3034 crore in RCOM money laundering probe

ED freezes Anil Ambani group assets worth 3034 crore in RCOM money laundering probe

The Enforcement Directorate has attached assets worth INR 3,034 crore linked to Anil Ambani and Reliance Communications in a money laundering case under the PMLA. The move targets a Mumbai flat in Usha Kiran Building, a jointly held Khandala farmhouse, other attached land, and RiseE Infinity shares—allegedly tied to loans and claims of diversion. RAAG denies wrongdoing and cites inheritance and governance by entities.

Summarised by Beize from a story on Startup Talky on 29 Apr 2026
ED raids 11 Punjab locations tied to ex DIG Bhullar amid PMLA asset probe

ED raids 11 Punjab locations tied to ex DIG Bhullar amid PMLA asset probe

The Enforcement Directorate has carried out searches at 11 locations in Punjab under the Prevention of Money Laundering Act, linked to former DIG Harcharan Singh Bhullar and others. The raids target suspected crime proceeds and alleged benami assets. The action follows allegations that Bhullar demanded illegal gratification and held assets disproportionate to known income.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
RBI’s new payment rules shift compliance burden and quietly open the door to cross border UPI

RBI’s new payment rules shift compliance burden and quietly open the door to cross border UPI

RBI has introduced a new framework for licensed payment aggregators and payment gateways for cross-border merchant payments, making them fully responsible for PMLA compliance and suspicious transaction reporting. The regulator aims to bring clarity and clearer ownership to merchant payments, while also allowing UPI to be used—raising hopes for a true India cross-border payments upgrade.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Supreme Court strengthens bail rights in money laundering cases calling jail the exception

Supreme Court strengthens bail rights in money laundering cases calling jail the exception

The Supreme Court has reiterated the principle that bail is the norm and jail the exception, grounding the approach in Article 21’s protection of personal liberty. The rulings also question how Section 45 of the Prevention of Money Laundering Act operates, arguing it can undermine the presumption of innocence. The focus shifts to balancing enforcement with constitutional rights.

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

Reading on mobile?

App StorePlay Store
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play