Indian authorities froze $55.7M in foreign accounts linked to Winzo's founders over alleged fraud in real-money gaming.

The Enforcement Directorate has attached $55.69 million (₹505 crore) in foreign bank accounts in the U.S. and Singapore linked to Winzo Pvt Ltd’s overseas shell companies, controlled by founders Paavan Nanda and Saumya Singh Rathore. This brings total frozen assets in the case to ₹1,194 crore. The ED alleges Winzo used AI-driven bots disguised as human players in real-money games, misled users, restricted withdrawals, and generated ₹3,522.05 crore in illegal proceeds through rake commissions from 2021-22 to August 2025. Funds were allegedly funneled abroad under the guise of overseas investments despite operations and management being based in India. A prosecution complaint was filed in January 2026 before a special PMLA court in Bengaluru following searches in late 2025.