ED attaches ₹1,906 crore in Gameskraft money laundering case
The ED has provisionally attached assets worth ₹1,906 crore linked to Gameskraft Technologies in a money laundering case. This action under the Prevention of Money Laundering Act signals increased scrutiny in the online gaming sector, affecting investor sentiment.
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- linked to Gameskraft
- ₹1,906 crore
The Directorate of Enforcement (ED) has provisionally attached assets worth ₹1,906 crore linked to Gameskraft Technologies in a money laundering case. The assets include bank balances, fixed deposits, and properties held by the company and its shareholders.
This action, taken under the Prevention of Money Laundering Act, highlights increasing scrutiny in the online gaming sector, potentially impacting investor sentiment and regulatory outlook for gaming companies.
Not investment advice. For informational purposes only.