Big crackdown on online gaming firms as Gamezkraft founders land in ED custody
The ED has arrested three Gamezkraft founders after searches in Karnataka and NCR as scrutiny intensifies on online money gaming platforms under the new gaming law.
The ED has arrested three Gamezkraft founders after searches in Karnataka and NCR as scrutiny intensifies on online money gaming platforms under the new gaming law.
Sushil Mohta and his son Saket Mohta, promoters of the Merlin Group, along with others, are accused of fraud, forgery, organised criminal activity, and criminal conspiracy.
According to the ED, the company and its promoters are suspected of creating a false chain of land ownership using forged documents. These documents were allegedly used to claim control over land, leading to accusations of land grabbing.
A Bench led by Justice Surya Kant, along with Justices Joymalya Bagchi and Vipul M Pancholi, issued notice to the ED on Soren’s petition seeking quashing of the criminal complaint filed against him.
The ED stated that an amount higher than the contract value was deposited in Jayasurya’s account and alleged that the money constituted proceeds of crime generated through fraud by the company’s owners.
A special PMLA court in Ahmedabad convicted a former IAS officer in two PMLA cases.
The Enforcement Directorate (ED) on Sunday said it conducted search operations in a money laundering case linked to narcotics, leading to the seizure of 82.53 kg of cocaine in Delhi, the recovery of Rs 70 lakh in cash, and the freezing of 110 mule bank accounts.
The move comes after some of its doctors were allegedly part of the 'Doctor Terror Module' of the Jaish-e-Mohammad wing and were implicated in the November 10 Red Fort blast case which claimed at least 13 lives.
In a significant move, the Enforcement Directorate (ED) has facilitated the release of assets attached under the Prevention of Money Laundering Act (PMLA) to support the resolution of companies under the Insolvency and Bankruptcy Code (IBC).
The court ruled that the probe under the Prevention of Money Laundering Act (PMLA) is valid and can proceed.
