The arrest follows the ED’s raids on WinZO, Gamezkraft and promoters under the Prevention of Money Laundering Act (PMLA).
India.- India’s Enforcement Directorate has arrested Saumya Singh Rathore and Paavan Nanda, the co-founders of the online money gaming platform WinZO over allegations of money laundering. They were arrested in Bengaluru on Wednesday, November 26, after appearing for questioning at the ED’s zonal office and were presented before a local court and sent to one-day custody. The court is expected to pass a detailed order after their next appearance.
The arrest follows the ED’s raids on WinZO, Gamezkraft, and their promoters under the Prevention of Money Laundering Act (PMLA) between November 18-22. The raids led to the freezing of ₹505 crore worth of bonds, fixed deposits and mutual funds belonging to WinZO.
The operator faces allegations of running real-money games (RMGs) from India, targeting countries like Brazil, the US and Germany, and using undisclosed algorithms to deceive customers into thinking they were playing against human opponents.
According to the ED, WinZO allegedly restricted users from withdrawing their money from wallets. The directorate alleged that after India’s new gaming ban ₹43 crore is still held by the company.
The arrest follows the ED’s raids on WinZO, Gamezkraft and promoters under the Prevention of Money Laundering Act (PMLA). India.- India’s Enforcement Directorate has arrested Saumya Singh Rathore and Paavan…
Participe da IGI Expo 2026: https://igi-expo.com/
O iGaming & Gaming International Expo - IGI, é um evento inovador criado para reunir empresas e empreendedores, profissionais, investidores, dos setores de iGaming e jogos. Com foco total em networking, exposição e feira de negócios. Além de ser uma fonte inigualável de informações sobre as tendências e o futuro das indústrias nos próximos anos.
📢 Receba em primeira mão notícias relevantes e fique por dentro dos principais assuntos sobre Igaming e Esportes no Brasil e o mundo. Siga no Whatsapp!
...
