ED Freezes Rs 192 Crore in Assets Linked to Online Gaming Firm WinZO in Money Laundering Probe
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ED Freezes Rs 192 Crore in Assets Linked to Online Gaming Firm WinZO in Money Laundering Probe

The Enforcement Directorate (ED) has frozen approximately Rs 192 crore in bank deposits, fixed deposits, and mutual funds belonging to ZO Games Pvt. Ltd., an Indian subsidiary of the online gaming app WinZO. This action follows searches at WinZO's accounting firm and earlier raids where Rs 505 crore were frozen. The ED alleges WinZO engaged in money laundering, using bots and AI in games, restricting withdrawals, and generating illicit funds. WinZO's co-founders were arrested, with one granted bail and the other denied.

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