The Enforcement Directorate has frozen all the bank accounts, merchant IDs in payment gateways and fixed deposit of the Coda Payments India Private Limited (CPIPL) with a total balance of ₹68.53 crore, as part of a probe into the alleged unauthorised deductions from the accounts of unsuspecting online game users.
The agency also conducted searches on three premises linked to CPIPL. The ED investigation is based on multiple cases registered against the company and one “Garena Free Fire” mobile game alleging unauthorised payment deductions from end users’ accounts.
The CPIPL had so far collected about ₹2,850 crore, of which ₹2,265 crore was remitted outside India after retaining a certain percentage of the revenue for payment of taxes and nominal profits, said the agency.
