ED arrests Gameskraft co-founders for alleged money laundering

08 May 2026, 06:19 PM

The case is linked to alleged illegal gains made through Gameskraft's real-money gaming apps, including RummyCulture and RummyTime.

The Enforcement Directorate has arrested the three co-founders of online gaming firm Gameskraft in connection with an alleged money laundering case, the Press Trust of India reported.

Deepak Singh, Prithvi Raj Singh, and Vikas Taneja were taken into custody under the Prevention of Money Laundering Act. The arrests followed raids at multiple locations across Delhi-NCR and Karnataka.

The case is linked to alleged illegal gains made through Gameskraft's real-money gaming apps, including RummyCulture and RummyTime. Investigators had earlier frozen around Rs 18.57 crore in escrow accounts tied to the matter.

Gameskraft was founded in 2017 and is based in Bengaluru. The company operates skill-based gaming platforms built around rummy and other casual games.

The arrests come at a time when India's online gaming industry is facing growing pressure from tax and enforcement authorities. Several platforms have come under the scanner in recent months over alleged violations related to GST, foreign exchange rules, and money laundering.

Recently, RUGR Fintech, a venture backed company that has actor Hrithik Roshan as its brand ambassador, was among the three fintech and tech firms that came under the scanner of the Hyderabad unit of the Directorate General of GST Intelligence (DGGI).

Earlier in February, Fino Payments Bank CEO Rishi Gupta was arrested. Gupta was granted bail later in March after his writ petition challenging his arrest was rejected by the Telangana High Court.

The Head and Tale had exclusively reported that Gupta's arrest connected to an ongoing DGGI investigation into Wegofin Digital Solutions, technology service provider (TSP), and a Rs 5,000 crore illegal gaming-fintech network it is alleged to be part of.

Who Reads Us

I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest,  and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.

Rahul Chari, Co-Founder and CTO, PhonePe
Rahul Chari Co-Founder And CTO, PhonePe

Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.

Rishi Gupta, MD & CEO, Fino Payments Bank
Rishi Gupta MD & CEO, Fino Payments Bank

The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.

Lizzie Chapman, co-founder, ZestMoney
Lizzie Chapman Co-founder, ZestMoney

What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.

Mohit Bedi, co-founder, Kiwi
Mohit Bedi Co-founder, Kiwi

I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.

Cofounder of IPO-bound leading fintech lending company
Cofounder of IPO-bound leading fintech lending company