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ED arrests 3 founders of online gaming company Gamezkraft on money-laundering charges

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The Directorate of Enforcement (ED) on Friday arrested three founders of the Gamezkraft group on alleged money-laundering charges.The founders, Deepak Singh, Prithvi Raj Singh and Vikas Taneja, were arrested after the agency conducted searches at 17 locations spread across Delhi NCR and Karnataka, related to Gamezkraft group companies and its founders and employees in a money-laundering case on May 7.Various incriminating documents were seized. On the basis of this, it was found that Gamezkraft Technologies Ltd and other associated entities own and run various online real money games like ‘RummyCulture’ and ‘rummytime’ app among others.On the basis of material seized during searches, it was found that the founders are guilty of money-laundering and were subsequently arrested under Section 19 of the PMLA.Deepak Singh and Prithvi Raj Singh were arrested from the Delhi-NCR region and thereafter transit remand has been obtained for producing them before the Bengaluru jurisdictional court.Vikas Taneja was arrested from Bengaluru and has been produced before court. An investigation is in progress.The raids were conducted by the ED after a PMLA case had been registered against Gamezkraft Technologies Ltd and other associated entities on the basis of multiple FIRs related to alleged cheating and fraud registered against the company and its founders.There are multiple FIRs against the company related to the alleged suicides committed by the victims.

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