The ED on Monday said it has frozen collective deposits worth about Rs 523 crore of online gaming companies WinZO and Gameskraft as the platforms allegedly “held” funds worth crores of rupees that should ideally have been refunded to players after India banned real-money gaming recently. <\/p>\n
The federal probe agency conducted multiple searches between November 18 and 22 in Delhi, Bengaluru and Gurugram as part of a money laundering investigation against their parent companies — Nirdesa Networks Pvt. Ltd. (NNPL), Gameskraft Technologies Pvt. Ltd. (GTPL) and WinZO Games Pvt. Ltd — and their promoters.<\/p>\n","protected":false},"excerpt":{"rendered":"
The ED on Monday said it has frozen collective deposits worth about Rs 523 crore of online gaming companies WinZO and Gameskraft as the platforms allegedly “held” funds worth crores of rupees that should ideally have been refunded to players after India banned real-money gaming recently. The federal probe agency conducted multiple searches between November 18 and 22 in Delhi, Bengaluru and Gurugram as part of a money laundering investigation against their parent companies — Nirdesa Networks Pvt. Ltd. (NNPL), Gameskraft Technologies Pvt. Ltd. (GTPL) and WinZO Games Pvt. Ltd — and their promoters.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-976321","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/976321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=976321"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/976321\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=976321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=976321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=976321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}