Gameskraft Money Laundering Developments

The information is part of the agency's provisional attachment order (a copy of which is with e4m) in the alleged money laundering case against Gameskraft

The attached assets include bank balances, fixed deposits, mutual funds, convertible notes, equity shares, a farmhouse, and multiple residential and commercial...

The original show-cause notices were issued not only to gaming companies but also to their directors, promoters and key managerial personnel. The Supreme Court...

The ED has relied on a spreadsheet allegedly recovered from the mobile phone of Gameskraft co-founder Deepak Singh Ahlawat

Prabhu told the ED that the diverted funds were invested in futures and options trading through his Zerodha account

The ruling marks a major development in the high-profile money laundering probe involving online gaming platform Gameskraft Technologies Pvt. Ltd.

The distinction could have far-reaching implications for online and offline competitions involving games such as chess, esports, bridge, poker and even certain...

Unlike earlier tax rulings narrowly confined to sector-specific questions, the Supreme Court’s language appears intentionally expansive

Before GST, online gaming firms had strong incentives to classify their offerings as actionable claims because actionable claims — like lottery tickets — were l...

Legal and tax experts said the immediate fallout could shift from courtroom battles to insolvency proceedings before the National Company Law Tribunal

For months, the Additional Solicitor General became the face of the Union government’s aggressive push against the real money gaming (RMG) industry

The court rejected the argument advanced by gaming companies that games of skill automatically fall outside the legislative competence of states

Court held that even where games involve substantial skill, once participation is conditioned upon staking money on uncertain future outcomes, the transaction a...

The dispute is whether states can impose blanket prohibitions on online games played for stakes

The enforcement agency further alleged that a substantial number of users originated from states where online real-money gaming has been restricted or banned, i...

The bench also cautioned that enforcement agencies could not invoke arrest powers casually and noted that officers could face consequences if powers were exerci...

The Karnataka HC is scheduled to hear petitions filed by Vikas Taneja, Prithviraj Singh and Deepak Singh Ahlawat challenging legality of their arrests

As per reports, the accused — Deepak Singh, Prithvi Raj Singh, and Vikas Taneja — were taken into custody under PMLA

Reports suggest the searches were carried out by the ED’s Bengaluru Zonal Office in connection with an ongoing probe involving Gameskraft Technologies

The broader industry is now closely watching how global tech platforms interpret and enforce India’s new gaming regulations