“ED Freezes ₹505 Crore in Winzo Assets Across the US and Singapore”
The ED has attached overseas bank balances worth Rs 505 crore from gaming platform Winzo in a probe.
The ED has attached overseas bank balances worth Rs 505 crore from gaming platform Winzo in a probe.
The Directorate of Enforcement has frozen assets worth around Rs 192 crore classified as Proceeds of Crime.
The Enforcement Directorate has arrested the two founders of online gaming platform WinZO on charges of money laundering.
WinZO is expanding into micro dramas and subscription services, navigating India’s RMG ban and broadening its global reach.
WinZO reported a 70% surge in revenue to Rs 1,055 crore, with profit jumping 2.5X to Rs 315 crore.