News · Consumer Internet & Media

Ex-Gameskraft CFO says founders knew of fund diversion

By Startup Enthusiast · 18 June 2026

What they do

Gameskraft ran real-money rummy apps and has been investigated by the Enforcement Directorate since 2025

Former finance chief Ramesh Prabhu told the ED that about ₹250 crore was moved out on the founders' instructions

The company had blamed one executive acting alone; the ED is using his statement, and nothing has been proven in court

Former Gameskraft CFO Ramesh Prabhu gave a statement to the Enforcement Directorate, reported in June 2026.
He said a ₹250 crore diversion of company money was done on the founders' instructions.
He said the money went into futures and options trading through his own broking account.
It was shown as mutual fund investments in the company's accounts, he said.
He also said he was asked to prepare false documents for audits.

Gameskraft had earlier said the diversion was the act of one executive alone.
The ED is using the statement to argue the founders were involved.
These are allegations; no court has ruled on them.