The Enforcement Directorate (ED), Bengaluru Zonal Office, has provisionally attached movable properties worth USD 55.69 million held in foreign bank accounts in the USA and Singapore. These accounts are linked to overseas shell companies controlled by Paavan Nanda and Saumya Singh Rathore under the Public Money Laundering Act (PMLA). The ED’s action is related to Winzo Pvt Ltd, accused of using artificial gaming profiles in real-money games that may have unfairly impacted players.
The ED stated that Winzo Pvt Ltd caused losses to users by employing BOT/AI/Algorithm profiles in online real money games, resulting in proceeds of crime amounting to Rs 3,522.05 crore. The company’s immovable properties and foreign bank accounts were held under the names of M/s Winzo Pvt Ltd, including M/s Winzo US Inc in the USA and M/s Winzo SG Pvt Ltd in Singapore.
Earlier, the ED conducted search and seizure operations at Winzo Pvt Ltd’s office premises and the residential premises of its director in November and December 2025. The investigations revealed that the company engaged in criminal activities by making customers play with BOTs, AI, and Algorithms without their knowledge. Winzo also restricted withdrawals and generated proceeds of crime through ‘Rake Commission’ from matches played by BOTs.
The ED has frozen movable and immovable properties amounting to Rs 689 crore in this case. A part of the proceeds of crime has been transferred to the USA and Singapore as overseas investments. A prosecution complaint has been filed before the Special Court of PMLA, Bengaluru, and the total proceeds of crime attached and frozen so far are approximately Rs 1,194 crores. Investigations are ongoing.
