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The Enforcement Directorate (ED) has frozen assets valued at approximately Rs 192 crore, belonging to ZO Games Private Limited, a wholly owned Indian subsidiary of Winzo Private Limited. The frozen assets comprise bank balances, fixed deposit receipts, and mutual funds. This action stems from an ongoing money laundering investigation conducted by the EDs Bengaluru zonal office.
Searches were carried out at the accounting firm premises associated with Winzo Private Limited on December 30, 2025, under Section 17 of the Prevention of Money Laundering Act of 2002. The EDs investigation has, so far, indicated that Winzo Private Limited generated proceeds of crime totalling around Rs 802 crore.
A significant portion of these alleged illicit funds was reportedly transferred from India to the USA and Singapore, disguised as overseas investments. The probe continues as authorities work to uncover the full extent of the alleged financial irregularities.
