What are the allegations against WinZO founders?

WinZO founders are arrested on charges of money laundering and financial fraud.

How much money was frozen by the ED?

The Enforcement Directorate froze Rs 523 crore in assets linked to WinZO and Gameskraft.

What actions led to WinZO's asset freeze?

Allegations include cheating users, blocking withdrawals, and operating real money games post-prohibition.

Home / Business and Economy / WinZO Founders Detained Over Alleged Financial Crimes

WinZO Founders Detained Over Alleged Financial Crimes

27 Nov

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Summary

WinZO founders Saumya Singh Rathore and Paavan Nanda arrested in Bengaluru.
Enforcement Directorate froze Rs 523 crore in assets of WinZO and Gameskraft.
Allegations include money laundering and blocking user withdrawals.

WinZO Founders Detained Over Alleged Financial Crimes

Enforcement Directorate officials have arrested WinZO's co-founders, Saumya Singh Rathore and Paavan Nanda, in Bengaluru on suspicion of money laundering. This action follows a significant financial freeze of Rs 523 crore in assets, with over Rs 505 crore attributed to WinZO. The company faces accusations of cheating users, withholding funds, and using deceptive practices.

Investigators revealed that these platforms allegedly continued offering real money games internationally even after a nationwide prohibition. The allegations also include failing to refund player funds exceeding Rs 43 crore. While the agency has not issued an official statement, the arrests mark a serious escalation in the probe.

WinZO has previously stated its full compliance with the law, asserting that its systems are designed for fairness and transparency. However, the ongoing investigation suggests a critical juncture for the online gaming operator and its leadership.