Overview
- The Enforcement Directorate, which launched searches Thursday, targeted about 14 premises in Delhi, Gujarat, Indore and Srinagar.
- Officials say the case targets Delhi-based Zygarde Technologies under FEMA, the law that polices cross-border foreign exchange.
- Investigators allege the company took player deposits through payment aggregators for online gaming activity.
- ED sources say funds moved through entities including Happy Easygo before being sent overseas disguised as wallet recharges and airline transactions.
- The investigation is ongoing and the company has not responded to requests for comment.