The Enforcement Directorate (ED) has arrested the founders of gaming platform WinZO in connection with an ongoing money-laundering investigation. As part of the probe, the agency has frozen assets worth ₹505 crore, including bank accounts, investments, and properties linked to the company and individuals under scrutiny.
According to officials, the action stems from allegations that funds collected through the platform were routed through multiple entities to evade taxes, obscure financial trails, and potentially violate provisions under the Prevention of Money Laundering Act (PMLA). The ED is reportedly examining transaction patterns, overseas fund movements, and Know Your Customer (KYC) compliance procedures.
WinZO, one of India’s prominent real-money gaming companies, has not yet issued an official response, but sources close to the organisation maintain that the founders are cooperating with investigators and deny any wrongdoing. The arrests have sparked discussion within the gaming and startup ecosystem, which continues to operate under evolving regulatory and financial scrutiny.
The case is still under investigation, and further action will depend on evidence gathered by the ED in the coming weeks.
