ED Freezes INR 523 Cr Assets Linked To WinZO & Gameskraft

The agency has frozen about INR 505 Cr in bank balances, bonds, FDs and mutual funds linked to WinZO under the Prevention of Money Laundering Act.

ED has also seized Gameskraft’s eight escrow accounts, holding around INR 18.57 Cr, as suspected proceeds of crime

While WinZO is under radar for alleged cheating and misuse of PAN details, Gameskraft is under scanner for manipulated game outcomes and withdrawal restrictions

The Enforcement Directorate (ED) has intensified…