ED searches Coda India offices as part of an investigation into the Garena Free Fire game

September 27, 2022

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The Enforcement Directorate (ED) announced that it had conducted searches at three locations associated with gaming top-up platform Coda Payments India in connection with a money laundering investigation.

As part of the crackdown, the agency has frozen INR 68.53 Cr in fixed deposits, wallets hosted by multiple payment gateways, and bank accounts held by the Singapore-based firm. The searches were conducted as part of an ongoing investigation into Coda Payments and the ‘Garena Free Fire’ mobile game under the Prevention of Money Laundering Act (PMLA), 2002, and there were multiple FIRs filed against the two companies. The enforcement agency stated in a statement that further investigation into the matter is currently underway.

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