The Directorate of Enforcement, by means of its Bengaluru Zonal Workplace, has provisionally connected abroad financial institution balances value $55.69 million, roughly Rs 505 crore, as a part of its ongoing cash laundering probe into real-money gaming platform Winzo.

In a press launch dated February 18, 2026, the Enforcement Directorate stated the connected movable properties comprise balances held in financial institution accounts in the US and Singapore. The accounts are maintained within the names of Winzo’s abroad entities, Winzo US Inc., USA, and Winzo SG Pte. Ltd., Singapore. The company has alleged that these entities are operated and managed by the corporate’s founders, Paavan Nanda and Saumya Singh Rathore.

The ED had earlier carried out search and seizure operations on the workplace premises of M/s Winzo Pvt. Ltd. on November 18, 2025. Searches had been additionally carried out on the residential premises of its director and later at its accounting agency on December 30, 2025. Following the searches and subsequent investigation, a Prosecution Grievance was filed earlier than the Hon’ble Particular Courtroom underneath the Prevention of Cash Laundering Act, PMLA, Bengaluru, CCH-1, on January 23, 2026.

In response to the company, proof unearthed throughout the searches indicated that the corporate engaged in what it described as legal actions and unscrupulous practices. The ED has alleged that clients had been made to play real-money video games towards BOTs, AI methods, algorithms or software program, known as PPP, EP or Persona, with out being knowledgeable that they weren’t enjoying towards human individuals.

The company additional alleged that Winzo prevented or restricted withdrawals of funds held by clients of their wallets on the platform. It claimed that the corporate generated proceeds within the type of rake fee from matches performed between BOTs and actual customers on the Winzo app. By deploying BOTs and creating what it termed a restrictive withdrawal atmosphere, the ED stated customers had been induced to play extra matches. By repeated gameplay underneath these situations, customers’ deposited quantities had been progressively appropriated by the corporate as rake fee charged on every match.

The ED acknowledged that the cumulative impact of this mechanism enabled the corporate to systematically convert customers’ deposits into income within the type of rake fee. It has alleged that Winzo derived whole proceeds of crime amounting to Rs 3,522.05 crore for the monetary years 2021-22 to 2025-26, as much as August 22, 2025.

Part of the direct proceeds of crime, the company stated, was taken out of India to the US and Singapore underneath the guise of abroad investments. It famous that whereas day-to-day enterprise operations and checking account administration had been carried out from India, funds value round USD 55 million had been parked in financial institution accounts within the US and Singapore.

With the most recent provisional attachment of Rs 505 crore, the full proceeds of crime connected or frozen within the case now stand at roughly Rs 1,194 crore. Of this, movable properties value round Rs 689 crore had already been frozen earlier within the investigation.

The ED stated additional investigation is underneath progress.