New Delhi, May 14 (PTI) The Enforcement Directorate has frozen Rs 526 crore bank deposits and seized gold jewellery worth Rs 3.5 crore along with Rs 11 lakh in cash after it concluded searches in a money laundering case against online gaming platform Gameskraft, officials said on Thursday.

The searches against the Bengaluru-based company was launched on May 7 in Delhi-NCR and the capital city of Karnataka. The raids concluded on May 13, the officials said.

Movable assets like bank deposits, bonds and fixed deposits worth a total Rs 526.49 crore have been frozen while gold jewellery worth Rs 3.5 crore and Rs 11 lakh in cash have been seized during the operation conducted under the Prevention of Money Laundering Act, they said.

Following the raids, the ED had arrested three founders of the company -- Deepak Singh, Prithvi Raj Singh and Vikas Taneja.

The central agency filed a money laundering case against Gameskraft Technologies Ltd and other associated entities taking cognisance of multiple police FIRs related to alleged cheating and fraud.

According to ED officials, the platform runs and owns various online real-money games like 'RummyCulture', rummytime app, etc.

Online money gaming was banned by the government in August 2025. PTI NES KVK KVK

Money laundering probe over online gaming platform leads to freezing of deposits and seizure of assets The Enforcement Directorate conducted searches under the Prevention of Money Laundering Act in a money-laundering case against an online gaming platform and its associated entities, based on multiple police FIRs alleging cheating and fraud. The operation led to the freezing of bank deposits, bonds and fixed deposits, and the seizure of gold jewellery and cash. The case concerns real-money online games, and three founders were also arrested following the searches.