The agency said its probe revealed that the company was involved in illegal and unethical practices.
India.- The Enforcement Directorate has announced the freezing of $US56m, roughly equivalent to Rs 470 crore, in bank accounts in the US and Singapore linked to overseas shell companies allegedly associated with gaming app operator Winzo Pvt Ltd.
According to investigators, the funds were held in accounts under Winzo US Inc, USA, and Winzo SG Pte Ltd, Singapore, both allegedly controlled by Paavan Nanda and Saumya Rathore, the proprietors of Winzo Pvt Ltd.
In a statement published yesterday, the agency said the company was involved in illegal and unethical practices, including operating play real-money games that used bots or AI without players’ knowledge. It said that Winzo Pvt Ltd earned proceeds of crime through a ‘Rake Commission’ on matches played between bots and real players on its app.
Winzo also allegedly restricted customers from making withdrawals or transferring funds out of their accounts. The directorate noted that by using bots and creating a restrictive withdrawal environment, users were induced to play more matches. It alleged that the company generated total proceeds of crime of Rs 3,522 crore between 2021 and 2025 from these activities.
The agency said its probe revealed that the company was involved in illegal and unethical practices. India.- The Enforcement Directorate has announced the freezing of $US56m, roughly equivalent to Rs 470 crore, in bank accounts in the US and Singapore linked to overseas shell companies allegedly associated with gaming app operator Winzo Pvt Ltd. According…
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