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The Enforcement Directorate has arrested three Gameskraft cofounders in an alleged betting-linked fraud investigation involving financial irregularities within India’s online gaming sector. The arrests follow a money-laundering probe initiated by the ED against Gameskraft Technologies Ltd and associated entities after the agency took cognizance of multiple police FIRs alleging cheating and fraud. According to agencies, around Rs. 1000 crore is involved in online betting and a game-linked money-laundering network.
The Enforcement Directorate (ED) on Friday (May 8, 2026) arrested three founders of online gaming platform Gameskraft Technologies Ltd, Deepak Singh, Prithvi Raj Singh, and Vikas Taneja under provisions of the Prevention of Money Laundering Act (PMLA), according to a PTI report.
Deepak Singh and Prithvi Raj Singh were arrested in the Delhi-NCR region, after which the ED obtained a transit remand to produce them before a Bengaluru court. Taneja was arrested in Bengaluru and has already been produced before a jurisdictional court, the report said.
In September 2025, the company filed a complaint against its former CFO, Ramesh Prabhu, who allegedly siphoned off Rs. 270.43 crore over nearly five years. On May 7, the ED conducted raids in the case at 17 locations in Delhi-NCR and Karnataka, leading to the seizure of certain documents, they said.
Gameskraft operated a range of RMG platforms, including RummyCulture, Rummytime, and Pocket52. These platforms were discontinued in August 2025, following the government's introduction of an online gaming law that imposed a blanket ban on real-money games. The ED is investigating allegations that users were cheated through these platforms. Some officials also claimed that there are multiple FIRs linked to cases where individuals allegedly died by suicide after suffering losses on the apps.
The latest action marks an escalation in scrutiny of the online gaming sector, which has increasingly come under the radar of enforcement and tax authorities over issues related to betting, financial transactions, and consumer protection.
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Gameskraft has previously faced regulatory and legal scrutiny in other matters, including disputes over GST claims on online gaming transactions. However, the present case concerns alleged cheating and proceeds of crime under anti-money-laundering laws.
The company reported a 25 percent drop in its net profit to Rs 706 crore in FY25, from Rs 947 crore in FY24. This includes exceptional items worth Rs 270.5 crore.
