The Enforcement Directorate (ED) targets online gaming companies in island nations, uncovering a syndicate that swindled investors of ₹4,978 crore. Punit Kumar, a key member, was apprehended upon arrival from Nepal. ED’s probe, based on FIRs from multiple states, reveals an intricate scam using UAE servers. Seizures include gold bars, cash, and fake identity documents. Remote desktop apps were used to evade detection. Victims were lured with promises of loans and high returns, then coerced to pay more under false pretenses. The syndicate operated over 200 shell companies, manipulating imports and exports to transfer funds abroad.
ED Cracks Down on Online Gaming Scam Syndicate Worth Nearly ₹5,000 Crore
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