Gameskraft case: Karnataka HC declares ED arrests illegal, orders immediate release of founders
Summary
Karnataka High Court ruled that the ED arrests of three Gameskraft founders were illegal and ordered their immediate release. The case stems from allegations tied to money laundering, cheating, and fraud involving Gameskraft Technologies and related entities. The ED had also carried out raids and seized documents across multiple locations in Delhi-NCR and Karnataka. The decision gives Gameskraft a significant legal reprieve, but it does not announce any new product, funding, or transaction activity.
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