Gameskraft Founders Arrested for Fraud
Analysis based on 6 articles · First reported May 08, 2026 · Last updated May 08, 2026
The arrests of Gameskraft founders and the ongoing investigation into alleged fraud and money laundering could significantly impact the online gaming sector in India, leading to increased regulatory scrutiny and potentially affecting investor confidence in similar platforms. The event highlights the risks associated with the online gaming industry, particularly concerning financial transactions and consumer protection, which may cause a broader market sentiment shift against unregulated or controversial gaming companies.
The India — Enforcement Directorate arrested three founders of the online gaming platform Gameskraft, namely Deepak Singh (criminal), Prithvi Raj Singh, and Vikas Taneja, under the Prevention of Money Laundering Act. These arrests are linked to an alleged fraud and money laundering case involving approximately ₹1,000 crore. The agency initiated a probe after taking cognisance of multiple police FIRs alleging cheating and fraud through Gameskraft's real-money gaming platforms like 'RummyCulture' and 'Rummytime'. The investigation also includes allegations of suicides by users who lost money on these platforms. Prior to the arrests, the India — Enforcement Directorate conducted raids at 17 locations in Delhi-NCR and Karnataka, seizing documents. In November last year, the agency had frozen eight bank accounts of Gameskraft holding deposits worth ₹18.57 crore. Gameskraft had previously discontinued its operations following a government ban on online money gaming in India in August last year.
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