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ED Attaches Rs 442 Crore Assets in Gameskraft Probe

By Business DeskED Attaches Rs 442 Crore Assets in Gameskraft Probe

Enforcement Directorate provisionally attaches Rs 442 crore in assets from Gameskraft Technologies over alleged illegal betting and tax evasion.

The Enforcement Directorate has launched a major financial crackdown against Bengaluru-based Gameskraft Technologies, the operator of the online gaming platform RummyCulture. Federal investigators executed a provisional attachment of assets under the Prevention of Money Laundering Act.

Key Financial Figures

The investigation involves specific monetary values and regulatory thresholds tied to the enforcement action.

  • Attached Assets Value: Rs 442 crore

Investigation Details and Allegations

This regulatory action stems from an extensive financial probe into the operations of Gameskraft Technologies. Investigators are examining specific allegations that the platform facilitated illegal online betting alongside large-scale tax evasion.

Authorities maintain that the company operated in direct violation of established regulatory norms. These alleged violations ultimately resulted in the accumulation of substantial proceeds of crime.

Broader Regulatory Crackdown

The attachment forms a critical component of a wider enforcement sweep targeting digital gaming entities. Agencies are actively scrutinizing platforms suspected of financial irregularities and non-compliance with Indian tax laws.

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