Bengaluru, Feb 19 (IANS) The Enforcement Directorate (ED) in Bengaluru has seized assets worth Rs 590 crore from Winzo Pvt. Ltd. and its subsidiary, Zo Pvt. Ltd. under Section 37A of the Foreign Exchange Management Act, 1999. The action followed suspected violations of Section 4 of FEMA, according to an official statement released Thursday.According to the ED, the seized assets include bank accounts, fixed deposits, mutual funds, and bonds linked to the companies.The ED stated: “Winzo is enga…
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