Synopsis
The Karnataka High Court has asked the Enforcement Directorate (ED) for a response to petitions challenging the arrest of Gameskraft founders in a money laundering case. The ED had arrested the founders for allegedly luring players into real-money games and laundering approximately Rs 250 crore.Listen to this article in summarized format
A vacation bench of Justice MG Shukure Kamal issued the notice on petitions filed by Deepak Singh, Prithvi Raj Singh, and Vikas Taneja. The judge posted the case for hearing on May 14.
ED officials arrested the Gameskraft founders from Gurugram last week on allegations of luring players into real-money games and laundering about Rs 250 crore.
The agency alleged that Gameskraft and its arms lured people to its real-money rummy platforms through bonuses, referral incentives, instant cash offers, and tournament-related benefits. The platform allowed first timers to win small amounts in initial low-stake games.
The ED has also alleged that the Gameskraft founders had diverted and laundered about Rs 250 crore under the guise of investments in futures and options and mutual funds. It arrested the three founders on May 8 in Telangana and later produced them before a local court in Bengaluru. The court remanded them to ED custody.
