<h1>Online gaming founders remanded 10 days under PMLA over alleged Rs 177 crore PPP algorithm laundering scam</h1> Enforcement authorities alleged that promoters of an online real money gaming company used a concealed 'PPP' algorithm to deceive genuine players, generating about Rs 177 crore in illicit funds between May 2024 and August 2025. Two co-founders were arrested under the Prevention of Money Laundering Act, and a court granted 10 days' custodial remand, rejecting defense arguments of cooperation. Investigators claim the proceeds of crime were diverted to foreign subsidiaries, including about USD 55 million parked in a U.S. shell entity, constituting money laundering. The case stems from a cyber crime FIR filed by a gamer who allegedly lost about Rs 42 lakh on the platform.