ED Arrests 3 Gameskraft Cofounders In Alleged Betting-Linked Fraud Probe
Superadmin
The Enforcement Directorate (ED) has reportedly arrested three cofounders of gaming platform Gameskraft Technologies in connection with an alleged fraud-linked money laundering case under the Prevention of Money Laundering Act (PMLA).
Citing officials, PTI reported that the agency arrested Deepak Singh, Prithvi Raj Singh and Vikas Taneja.
Deepak Singh and Prithvi Raj Singh were arrested from Delhi NCR, following which the ED obtained transit remand to produce them before a Bengaluru court.
Taneja was arrested in Bengaluru and produced before the jurisdictional court there.
The arrests follow the ED registering a money laundering case against Gameskraft and associated entities based on multiple FIRs alleging cheating and fraud.
As per a CNBC TV18 report, the case pertains to an alleged ₹1,000 Cr betting-linked fraud. As part of the probe, the agency conducted searches at 17 locations across Delhi NCR and Karnataka yesterday.
Officials said the searches continued till early morning today and led to the seizure of certain documents.
(The story will be updated soon)
The post ED Arrests 3 Gameskraft Cofounders In Alleged Betting-Linked Fraud Probe appeared first on Inc42 Media.
