US Edition
ED Cracks Down on WinZO: $55 Million in Overseas Assets Frozen
- The ED's Bengaluru Zonal Office provisionally attached USD 55.69 million in foreign accounts linked to Winzo US Inc. and Winzo SG Pte Ltd, operated by Paavan Nanda and Saumya Singh Rathore on February 18, 2026.
- Investors found that customers were placed in undisclosed BOT/AI matchups, and ED alleges Winzo restricted withdrawals to induce continued play and generate revenue through rake commissions.
- Before the recent attachment, the ED had frozen roughly ₹505 crore in movable assets and conducted searches at Winzo's office and director's residence on November 18, 2025, and at its accounting firm on December 30, 2025.
- A prosecution complaint was filed before the Special Court under the Prevention of Money Laundering Act, Bengaluru, on January 23, 2026, with the latest attachment totaling approximately 1,194.
- The ED says the alleged proceeds total ₹3,522.05 crore for financial years 2021-22 to 2025-26 and alleges some were shifted to United States and Singapore accounts as overseas investments.
13 Articles
13 Articles
ED Cracks Down on WinZO: $55 Million in Overseas Assets Frozen
The Enforcement Directorate has attached over Rs 500 crore from bank accounts in the US and Singapore linked to WinZO, a real-money gaming app. The app and its promoters are investigated for alleged money laundering, utilizing BOTs and AI to manipulate games against unaware users.
Times of India
The Economic TimesED attaches $ 56 million held by gaming firm WinZo in its overseas bank accounts
The Enforcement Directorate has frozen movable properties worth about Rs 689 crore belonging to the real money gaming company WinZo. This action is part of an ongoing probe into alleged money laundering activities. The ED has provisionally attached funds held in overseas bank accounts. Investigations revealed alleged criminal activities and unscrupulous practices by the company.
ED attaches Rs 505 crore in US and Singapore bank accounts linked to gaming giant Winzo
Investigators allege Winzo used AI-driven bots to ensure real players lost matches, generating thousands of crores in illicit "rake commissions" that were then laundered through shell companies.
Coverage Details
Bias Distribution
- 60% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
