ED Seizes Rs 1,906 Crore in Assets from Online Rummy Firm Over Money Laundering Allegations
The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth approximately Rs 1,906 crore belonging to Gameskraft Technologies, its shareholders, and associated entities. The action, carried out by the agency's Bengaluru zonal office, is part of an ongoing investigation into alleged money laundering linked to the company's online rummy platforms.
According to the ED, Gameskraft Technologies and its subsidiary RummyTime Technologies operated real-money gaming applications, including RummyCulture, RummyPrime, Playship, and RummyTime. These platforms reportedly attracted nearly 3 crore users across India. The agency alleges that the company generated proceeds through rigged games and then layered the funds through dividends, buybacks, and investments to obscure their origin.
The investigation stems from multiple First Information Reports (FIRs) filed in Telangana. In May and June this year, ED officials conducted searches at the company's offices and the residences of its directors. The provisional attachment order is a step toward confiscating assets believed to be proceeds of crime, pending final adjudication.
Online rummy and other real-money gaming platforms have faced increasing scrutiny in India. While some states consider them games of skill and legal, others classify them as gambling. The Telangana government, where the original FIRs were registered, prohibits online gambling and has taken a strict stance against such platforms.
The ED's action highlights the growing regulatory focus on the financial transactions of online gaming companies. The agency is examining whether the firms complied with anti-money laundering laws and whether they misled users about the fairness of their games.
Gameskraft Technologies has not yet issued a public statement on the attachment. The company previously maintained that its operations are legal and compliant with relevant laws.
