Overview
- The ED said it searched WinZO’s accounting firm on December 30 and froze bank balances, fixed deposits and mutual funds worth Rs 192 crore held by ZO Games Pvt Ltd.
- The latest action takes total assets frozen in the case to roughly Rs 697 crore, following an earlier Rs 505 crore freeze announced in November.
- The agency alleges WinZO used bots, AI and software named PPP, EP and Persona to match users with non-human opponents and limited withdrawals, generating rake commissions.
- Investigators estimate about Rs 557 crore was generated between April 2022 and December 2023 and about Rs 177 crore between May 2024 and August 2025, with total alleged proceeds at about Rs 802 crore.
- The ED says funds were routed overseas, including $54 million in a WINZO US Inc account and transfers to Singapore, while a Bengaluru court granted bail to Saumya Singh Rathore but denied similar relief to Paavan Nanda and the company says it operates transparently.