Bengaluru, Feb 18 (IANS) The Enforcement Directorate (ED), Bengaluru Zonal Office, has provisionally attached movable properties — balance in the foreign bank accounts, maintained in the USA and Singapore, amounting to USD 55.69 Million (Rs 505 crore), held in the names of overseas shell companies operated and controlled by one Paavan Nanda and Saumya Singh Rathore, under Public Money Laundering Act (PMLA), an official statement said on Wednesday. The company is accused of using artificial or a…
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Bengaluru, Jan 1 (IANS) The Directorate of Enforcement (ED), Bengaluru Zonal Office, has frozen Proceeds of Crime (PoC) worth approximately Rs 192 crore held by ZO Games Pvt Ltd, a wholly-owned Indian subsidiary of WinZo Pvt Ltd, in connection with an online real money gaming scam.The official statement released by the ED, Bengaluru Zonal Office stated on Thursday, “The ED has conducted a search operation at the office premises of the accounting firm for Winzo Pvt Limited under Section 17 of the…