ED arrests gaming platform's founders for laundering
Enforcement Directorate has arrested WinZO founders Saumya Singh Rathore and Paavan Nanda, freezing Rs 500 crore in assets. The agency alleges the company siphoned funds to the US, operating online money gaming despite a ban. Investigations reveal players were allegedly deceived by algorithms, leading to significant financial losses laundered abroad.
Enforcement Directorate has arrested WinZO founders Saumya Singh Rathore and Paavan Nanda, freezing Rs 500 crore in assets. The agency alleges the company siphoned funds to the US, operating online money gaming despite a ban. Investigations reveal players were allegedly deceived by algorithms, leading to significant financial losses laundered abroad.
